Belpointe Asset Management LLC Makes New Investment in Photronics, Inc. $PLAB

Belpointe Asset Management LLC bought a new stake in Photronics, Inc. (NASDAQ:PLAB) in the third quarter, Holdings Channel reports. The institutional investor bought 37,635 shares of the semiconductor company’s stock, valued at approximately $864,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP increased its position in Photronics by 6.8% in the 2nd quarter. Quantinno Capital Management LP now owns 14,847 shares of the semiconductor company’s stock valued at $280,000 after acquiring an additional 945 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Photronics by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,319 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 1,162 shares during the period. Sei Investments Co. raised its holdings in Photronics by 2.3% during the second quarter. Sei Investments Co. now owns 55,868 shares of the semiconductor company’s stock worth $1,052,000 after purchasing an additional 1,253 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Photronics by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,647 shares of the semiconductor company’s stock valued at $761,000 after purchasing an additional 1,600 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in Photronics by 24.2% in the 2nd quarter. Osaic Holdings Inc. now owns 8,715 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 1,698 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLAB. DA Davidson increased 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. Craig Hallum lifted their price target on Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Zacks Research raised Photronics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $43.50.

Insider Buying and Selling at Photronics

In other news, SVP Han Kyung Park sold 6,250 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $34.89, for a total value of $218,062.50. Following the sale, the senior vice president directly owned 75,500 shares in the company, valued at $2,634,195. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kang Jyh Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $34.13, for a total transaction of $341,300.00. Following the transaction, the director directly owned 410,850 shares of the company’s stock, valued at approximately $14,022,310.50. This trade represents a 2.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 181,250 shares of company stock worth $6,317,150 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

Photronics Stock Performance

PLAB opened at $35.28 on Friday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 15.41 and a beta of 1.52. Photronics, Inc. has a one year low of $16.46 and a one year high of $39.80. The business’s fifty day moving average is $31.49 and its two-hundred day moving average is $25.41.

Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.13. Photronics had a return on equity of 7.87% and a net margin of 16.06%.The business had revenue of $215.77 million during the quarter, compared to the consensus estimate of $204.54 million. During the same quarter in the previous year, the company posted $0.59 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. On average, analysts predict that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Photronics 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.