Photronics (NASDAQ:PLAB – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Photronics to a “hold” rating in a research report on Friday, August 14th. Craig Hallum restated a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Weiss Ratings cut shares of Photronics from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Finally, Freedom Capital raised shares of Photronics to a “strong-buy” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Photronics has an average rating of “Moderate Buy” and a consensus price target of $49.33.
Check Out Our Latest Report on Photronics
Photronics Price Performance
Photronics (NASDAQ:PLAB – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.10. The firm had revenue of $216.05 million during the quarter, compared to analyst estimates of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Research analysts expect that Photronics will post 1.85 EPS for the current fiscal year.
Institutional Trading of Photronics
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Photronics during the 2nd quarter worth about $308,586,000. LSV Asset Management lifted its position in shares of Photronics by 14.7% during the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock worth $92,271,000 after purchasing an additional 370,489 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Photronics by 2,943.1% during the second quarter. California State Teachers Retirement System now owns 2,114,483 shares of the semiconductor company’s stock valued at $65,001,000 after purchasing an additional 2,044,999 shares during the last quarter. Invesco Ltd. grew its stake in shares of Photronics by 395.9% during the fourth quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company’s stock valued at $49,164,000 after purchasing an additional 1,226,588 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Photronics in the first quarter valued at approximately $47,902,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.
About Photronics
Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision photographic plates used in the semiconductor and flat-panel display manufacturing processes. Photomasks transfer circuit patterns onto silicon wafers and display substrates, making them an important component in the production of integrated circuits, memory devices, flat-panel displays and other electronic products.
The company provides photomasks for a range of semiconductor applications, including advanced logic, foundry and memory devices.
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