Meros Investment Management LP bought a new position in Photronics, Inc. (NASDAQ:PLAB – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 237,567 shares of the semiconductor company’s stock, valued at approximately $7,728,055,000. Photronics accounts for about 2.5% of Meros Investment Management LP’s holdings, making the stock its 14th biggest holding. Meros Investment Management LP owned approximately 0.40% of Photronics as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Torren Management LLC bought a new stake in Photronics during the fourth quarter worth about $26,000. Allworth Financial LP purchased a new stake in Photronics in the second quarter worth about $26,000. Larson Financial Group LLC bought a new position in shares of Photronics during the third quarter valued at approximately $28,000. First Horizon Corp bought a new position in shares of Photronics during the first quarter valued at approximately $33,000. Finally, Grove Bank & Trust purchased a new position in shares of Photronics during the second quarter valued at approximately $33,000. 88.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on PLAB. Freedom Capital raised Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research report on Friday, July 24th. Wall Street Zen cut Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Craig Hallum reissued a “buy” rating on shares of Photronics in a report on Friday, May 29th. Finally, Lake Street Capital reissued a “buy” rating and issued a $55.00 target price on shares of Photronics in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $49.33.
Photronics Stock Performance
Shares of Photronics stock opened at $29.32 on Wednesday. The company has a 50-day simple moving average of $30.84 and a two-hundred day simple moving average of $37.48. The stock has a market capitalization of $1.73 billion, a PE ratio of 10.70 and a beta of 1.38. Photronics, Inc. has a 52-week low of $20.05 and a 52-week high of $56.00.
Photronics (NASDAQ:PLAB – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.11). Photronics had a net margin of 18.47% and a return on equity of 7.69%. The firm had revenue of $209.94 million for the quarter, compared to analysts’ expectations of $216.47 million. During the same quarter in the previous year, the company earned $0.40 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. As a group, equities research analysts forecast that Photronics, Inc. will post 1.85 EPS for the current fiscal year.
Photronics News Roundup
Here are the key news stories impacting Photronics this week:
- Neutral Sentiment: Reported short interest was listed at zero shares with a zero-day days-to-cover ratio. Because the data also showed an undefined percentage change, it does not indicate meaningful short-selling pressure and may reflect a reporting error.
- Negative Sentiment: Several law firms publicized a securities class action against Photronics and reminded investors of a September 4, 2026 deadline to seek lead-plaintiff status. The notices generally cover investors who purchased shares between December 10, 2025, and May 27, 2026. Pomerantz investor alert
- Negative Sentiment: The allegations include that Photronics failed to disclose weakening demand, production bottlenecks in its high-end semiconductor photomask business, and a slowdown in its design-release pipeline. Plaintiffs claim these issues affected expected revenue growth and margins; the allegations have not been proven in court. Robbins securities lawsuit notice
- Negative Sentiment: The legal overhang compounds Photronics’ latest earnings miss: quarterly EPS came in at $0.42 versus a $0.53 consensus estimate, and revenue was $209.94 million versus expectations of $216.47 million. Management’s third-quarter EPS guidance of $0.39 to $0.45 also suggests limited near-term earnings momentum.
About Photronics
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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