Photronics, Inc. (NASDAQ:PLAB) Receives $49.33 Average PT from Brokerages

Photronics, Inc. (NASDAQ:PLAB) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $49.3333.

A number of equities research analysts have issued reports on the stock. Craig Hallum reiterated a “buy” rating on shares of Photronics in a report on Friday, May 29th. Freedom Capital upgraded Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Weiss Ratings lowered Photronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Zacks Research raised Photronics to a “hold” rating in a research note on Friday, August 14th. Finally, Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday.

Hedge Funds Weigh In On Photronics

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in Photronics by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 105,784 shares of the semiconductor company’s stock valued at $3,385,000 after purchasing an additional 306 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Photronics by 16.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,624 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 365 shares during the period. Hantz Financial Services Inc. grew its position in Photronics by 29.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,917 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 432 shares during the last quarter. Franklin Resources Inc. grew its position in Photronics by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 60,900 shares of the semiconductor company’s stock valued at $1,398,000 after buying an additional 570 shares during the last quarter. Finally, LVZ Inc. increased its stake in Photronics by 3.6% in the 1st quarter. LVZ Inc. now owns 21,966 shares of the semiconductor company’s stock valued at $888,000 after buying an additional 761 shares during the period. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Stock Up 2.1%

Shares of Photronics stock opened at $28.99 on Monday. Photronics has a 52 week low of $20.05 and a 52 week high of $56.00. The business’s fifty day simple moving average is $30.10 and its 200-day simple moving average is $36.67. The firm has a market cap of $1.71 billion, a PE ratio of 10.21 and a beta of 1.35.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The firm had revenue of $216.05 million during the quarter, compared to the consensus estimate of $208.75 million. During the same period last year, the company earned $0.51 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. As a group, equities analysts expect that Photronics will post 1.85 earnings per share for the current year.

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.