Photronics, Inc. (NASDAQ:PLAB) Receives Average Rating of “Moderate Buy” from Analysts

Photronics, Inc. (NASDAQ:PLAB) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $49.33.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Zacks Research raised shares of Photronics to a “hold” rating in a research report on Friday, August 14th. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen downgraded shares of Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th.

Photronics Stock Down 0.8%

PLAB opened at $30.82 on Friday. The business has a fifty day moving average of $30.21 and a 200 day moving average of $35.95. The stock has a market cap of $1.82 billion, a P/E ratio of 10.85 and a beta of 1.32. Photronics has a 52-week low of $20.05 and a 52-week high of $56.00.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share 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 business had revenue of $216.05 million for the quarter, compared to analyst estimates of $208.75 million. During the same quarter last year, the firm posted $0.51 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Equities analysts anticipate that Photronics will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling at Photronics

In other news, SVP Han Park sold 9,500 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $30.37, for a total transaction of $288,515.00. Following the transaction, the senior vice president owned 66,000 shares of the company’s stock, valued at approximately $2,004,420. This represents a 12.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kang Lee sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $29.70, for a total value of $297,000.00. Following the transaction, the director owned 354,850 shares in the company, valued at approximately $10,539,045. This represents a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,000 shares of company stock worth $1,114,265 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in shares of Photronics in the 2nd quarter worth $7,072,000. Vaughan Nelson Investment Management L.P. acquired a new position in Photronics during the 1st quarter valued at about $47,902,000. Engineers Gate Manager LP acquired a new position in Photronics during the 2nd quarter valued at about $1,288,000. BlackRock Inc. purchased a new stake in Photronics in the second quarter valued at about $308,586,000. Finally, Kendall Capital Management purchased a new stake in Photronics in the second quarter valued at about $1,432,000. 88.38% of the stock is currently owned by institutional investors.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision quartz and glass plates used to transfer circuit patterns onto semiconductor wafers and display panels during the manufacturing process. Its products are essential to the production of integrated circuits and flat-panel displays.

The company provides photomasks for a range of semiconductor applications, including advanced logic, memory and other specialized devices. It also supplies photomasks used in flat-panel display manufacturing, supporting technologies such as liquid-crystal displays and other display formats.