Louisiana State Employees Retirement System Acquires Shares of 26,200 Photronics, Inc. $PLAB

Louisiana State Employees Retirement System acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) during the first quarter, Holdings Channel.com reports. The fund acquired 26,200 shares of the semiconductor company’s stock, valued at approximately $1,059,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Torren Management LLC acquired a new stake in Photronics during the 4th quarter valued at $26,000. Larson Financial Group LLC purchased a new position in Photronics in the 3rd quarter valued at about $28,000. Quarry LP grew its stake in shares of Photronics by 569.8% during the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 1,151 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Photronics by 723.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Photronics by 243.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,499 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 1,063 shares during the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Photronics Stock Performance

PLAB opened at $28.86 on Friday. The company has a market capitalization of $1.70 billion, a P/E ratio of 10.53 and a beta of 1.37. The company has a 50-day moving average of $40.43 and a 200-day moving average of $38.38. Photronics, Inc. has a 1-year low of $18.61 and a 1-year high of $56.00.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.11). The company had revenue of $209.94 million for the quarter, compared to the consensus estimate of $216.47 million. Photronics had a return on equity of 7.69% and a net margin of 18.47%.The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Insider Activity at Photronics

In related news, CFO Eric Rivera sold 41,517 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $44.00, for a total transaction of $1,826,748.00. Following the sale, the chief financial officer directly owned 136,173 shares of the company’s stock, valued at approximately $5,991,612. This represents a 23.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Constantine S. Macricostas sold 50,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $45.35, for a total value of $2,267,500.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 306,144 shares of company stock worth $13,469,859 over the last quarter. 3.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PLAB has been the topic of several recent analyst reports. Freedom Capital upgraded Photronics to a “strong-buy” rating in a research note on Thursday. Wall Street Zen lowered Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Craig Hallum restated a “buy” rating on shares of Photronics in a report on Friday, May 29th. Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Lake Street Capital reiterated a “buy” rating and set a $55.00 target price on shares of Photronics in a research note on Friday, May 1st. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $49.33.

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.