Fox Run Management L.L.C. Makes New Investment in Photronics, Inc. $PLAB

Fox Run Management L.L.C. acquired a new position in Photronics, Inc. (NASDAQ:PLAB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,185 shares of the semiconductor company’s stock, valued at approximately $394,000.

Several other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its position in Photronics by 30.1% in the 1st quarter. Royal Bank of Canada now owns 219,290 shares of the semiconductor company’s stock valued at $4,553,000 after buying an additional 50,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Photronics by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company’s stock worth $761,000 after acquiring an additional 1,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Photronics by 14.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company’s stock valued at $2,009,000 after purchasing an additional 12,159 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Photronics by 6.0% in the first quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock valued at $1,296,000 after purchasing an additional 3,526 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Photronics by 19.9% during the second quarter. Envestnet Asset Management Inc. now owns 68,839 shares of the semiconductor company’s stock valued at $1,296,000 after purchasing an additional 11,422 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Insider Transactions at Photronics

In other Photronics news, EVP Christopher J. Progler sold 25,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $35.78, for a total transaction of $894,500.00. Following the completion of the transaction, the executive vice president owned 165,591 shares in the company, valued at $5,924,845.98. This trade represents a 13.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kang Jyh Lee sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $38.53, for a total transaction of $770,600.00. Following the completion of the sale, the director directly owned 493,350 shares in the company, valued at approximately $19,008,775.50. This trade represents a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 171,250 shares of company stock worth $6,091,950 over the last 90 days. 3.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on PLAB. Craig Hallum upped their price objective on shares of Photronics from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. DA Davidson boosted their target price on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Photronics Stock Down 3.2%

Shares of PLAB stock opened at $37.43 on Monday. The company has a 50 day moving average of $35.47 and a 200-day moving average of $28.06. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $45.40. The firm has a market cap of $2.17 billion, a P/E ratio of 15.93 and a beta of 1.50.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The business had revenue of $225.07 million for the quarter, compared to the consensus estimate of $220.09 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Photronics’s revenue for the quarter was up 6.1% on a year-over-year basis. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. As a group, equities analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.

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.