Moody National Bank Trust Division purchased a new stake in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 18,228 shares of the semiconductor company’s stock, valued at approximately $593,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLAB. Torren Management LLC acquired a new position in Photronics in the 4th quarter worth $26,000. Larson Financial Group LLC purchased a new position in Photronics in the 3rd quarter valued at about $28,000. First Horizon Corp acquired a new stake in shares of Photronics during the first quarter valued at about $33,000. Grove Bank & Trust acquired a new stake in shares of Photronics during the second quarter valued at about $33,000. Finally, Quarry LP increased its position in shares of Photronics by 569.8% during the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.
Photronics Stock Down 0.2%
Shares of NASDAQ PLAB opened at $31.90 on Friday. The firm’s 50-day moving average price is $30.64 and its two-hundred day moving average price is $37.78. Photronics, Inc. has a 52-week low of $19.50 and a 52-week high of $56.00. The stock has a market capitalization of $1.88 billion, a P/E ratio of 11.64 and a beta of 1.38.
Key Headlines Impacting Photronics
Here are the key news stories impacting Photronics this week:
- Neutral Sentiment: Several firms, including Rosen, Faruqi & Faruqi, Kaplan Fox, and Schall, reminded investors of the September 4, 2026 deadline to seek appointment as lead plaintiff. These announcements largely repeat existing litigation notices rather than represent separate new lawsuits. Rosen class action deadline notice
- Negative Sentiment: The filed lawsuit alleges that Photronics and certain executives misled investors about the demand and outlook for its high-end IC photomask business, including alleged design-release pipeline and supply-chain bottlenecks. The claims have not been proven in court. Hagens Berman Photronics investor alert
- Negative Sentiment: Law-firm notices reference an earlier sharp selloff after Photronics reportedly indicated that an anticipated post-holiday recovery had stalled, raising concerns about customer demand, revenue visibility, and the sustainability of prior growth expectations. Levi & Korsinsky Photronics notice
- Negative Sentiment: The litigation adds legal, reputational, and potential financial risks while keeping investor attention focused on Photronics’ operational execution and disclosure practices. The company’s latest reported quarter also missed analyst expectations for earnings and revenue, reinforcing the negative sentiment surrounding the stock.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Zacks Research cut Photronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Freedom Capital upgraded Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Wall Street Zen downgraded Photronics from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research report on Friday, July 24th. Finally, Craig Hallum reiterated a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $49.33.
Check Out Our Latest Analysis on Photronics
Photronics Company Profile
Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.
Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.
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