Legato Capital Management LLC Sells 24,307 Shares of Photronics, Inc. $PLAB

Legato Capital Management LLC lowered its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 76.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,485 shares of the semiconductor company’s stock after selling 24,307 shares during the period. Legato Capital Management LLC’s holdings in Photronics were worth $240,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. LSV Asset Management grew its holdings in Photronics by 14.7% in the 4th quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock worth $92,271,000 after acquiring an additional 370,489 shares during the last quarter. American Century Companies Inc. grew its holdings in Photronics by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company’s stock worth $55,361,000 after acquiring an additional 106,069 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Photronics by 699.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock worth $52,914,000 after acquiring an additional 2,017,052 shares during the last quarter. Boston Partners grew its holdings in Photronics by 1.3% in the 3rd quarter. Boston Partners now owns 837,442 shares of the semiconductor company’s stock worth $19,331,000 after acquiring an additional 10,724 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Photronics by 21.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 597,819 shares of the semiconductor company’s stock worth $13,720,000 after acquiring an additional 105,389 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Stock Performance

Shares of Photronics stock opened at $34.02 on Friday. The stock has a market capitalization of $2.01 billion, a PE ratio of 14.48 and a beta of 1.51. Photronics, Inc. has a 52-week low of $16.59 and a 52-week high of $56.00. The company has a 50-day simple moving average of $46.27 and a two-hundred day simple moving average of $37.20.

Photronics (NASDAQ:PLAB) last issued its earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.11). The firm had revenue of $209.94 million during the quarter, compared to analysts’ expectations of $216.47 million. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. 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 2.35 EPS for the current fiscal year.

Photronics News Summary

Here are the key news stories impacting Photronics this week:

• Positive Sentiment: No major positive company-specific catalysts were reported in the last 24-36 hours.
• Neutral Sentiment: Photronics reported second-quarter fiscal 2026 results and said it remains a leader in photomask technologies and solutions. Photronics Reports Second Quarter 2026 Results
• Negative Sentiment: Q2 earnings missed expectations, with EPS of $0.42 versus $0.53 expected and revenue of $209.9 million versus $216.5 million expected, signaling weaker-than-anticipated performance. Photronics earnings report and conference call
• Negative Sentiment: The company’s Q3 guidance also came in below consensus, with EPS guidance of $0.39-$0.45 versus $0.53 expected and revenue guidance of $207 million-$215 million versus $218.7 million expected, raising concerns about near-term growth. Ongoing Photronics, Inc. (PLAB) Investigation
• Negative Sentiment: Multiple law firms announced investigations into possible securities law violations after the weak results and stock drop, adding legal overhang and investor uncertainty. Securities Fraud Investigation Into Photronics, Inc. (PLAB) Announced

Analysts Set New Price Targets

Several research firms have recently commented on PLAB. Craig Hallum reaffirmed a “buy” rating and issued a $48.00 target price on shares of Photronics in a research report on Tuesday, March 3rd. Wall Street Zen raised shares of Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Lake Street Capital reaffirmed a “buy” rating and issued a $55.00 target price on shares of Photronics in a research report on Friday, May 1st. Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Zacks Research cut shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.33.

Insider Transactions at Photronics

In related news, Director Constantine S. Macricostas sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $45.35, for a total transaction of $2,267,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rui Zhang sold 4,556 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $46.70, for a total transaction of $212,765.20. Following the sale, the chief accounting officer owned 27,079 shares of the company’s stock, valued at $1,264,589.30. This trade represents a 14.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 346,144 shares of company stock valued at $15,061,759. Company insiders own 3.30% of the company’s stock.

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.