Easterly Investment Partners LLC Sells 28,461 Shares of Photronics, Inc. $PLAB

Easterly Investment Partners LLC cut its holdings in Photronics, Inc. (NASDAQ:PLAB) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 422,671 shares of the semiconductor company’s stock after selling 28,461 shares during the period. Photronics makes up 0.8% of Easterly Investment Partners LLC’s portfolio, making the stock its 29th largest position. Easterly Investment Partners LLC owned 0.72% of Photronics worth $13,525,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PLAB. Hantz Financial Services Inc. raised its stake in shares of Photronics by 29.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,917 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 432 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Photronics by 21.9% during the fourth quarter. GAMMA Investing LLC now owns 2,609 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 469 shares during the last quarter. Kendall Capital Management raised its stake in shares of Photronics by 1.2% during the fourth quarter. Kendall Capital Management now owns 46,385 shares of the semiconductor company’s stock valued at $1,484,000 after acquiring an additional 555 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Photronics by 0.9% during the third quarter. Franklin Resources Inc. now owns 60,900 shares of the semiconductor company’s stock valued at $1,398,000 after acquiring an additional 570 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Photronics during the fourth quarter valued at about $26,000. 88.38% of the stock is owned by institutional investors.

Trending Headlines about Photronics

Here are the key news stories impacting Photronics this week:

• Negative Sentiment: Photronics reported weaker-than-expected Q2 earnings and revenue, prompting a sharp selloff. Photronics Reports Second Quarter 2026 Results
• Negative Sentiment: Q3 guidance also missed consensus, signaling near-term pressure on demand and margins. Why Is Photronics Stock Falling Friday?
• Negative Sentiment: Several law firms announced investigations into possible securities-law violations, creating an additional headline risk for shareholders. Securities Fraud Investigation Into Photronics, Inc. (PLAB) Announced

Insiders Place Their Bets

In other Photronics news, CFO Eric Rivera sold 1,000 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $44.77, for a total value of $44,770.00. Following the sale, the chief financial officer owned 136,173 shares in the company, valued at approximately $6,096,465.21. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kang Jyh Lee sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $45.92, for a total transaction of $918,400.00. Following the completion of the sale, the director owned 355,850 shares in the company, valued at approximately $16,340,632. This trade represents a 5.32% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 346,144 shares of company stock valued at $15,061,759. Insiders own 3.30% of the company’s stock.

Photronics Price Performance

Shares of NASDAQ PLAB opened at $32.35 on Monday. Photronics, Inc. has a 1 year low of $16.59 and a 1 year high of $56.00. The company’s 50-day moving average is $46.21 and its 200 day moving average is $37.27. The stock has a market capitalization of $1.91 billion, a P/E ratio of 11.81 and a beta of 1.37.

Photronics (NASDAQ:PLAB) last announced its quarterly 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). Photronics had a net margin of 18.47% and a return on equity of 7.69%. The company had revenue of $209.94 million for the quarter, compared to analysts’ expectations of $216.47 million. During the same quarter in the prior year, the firm earned $0.40 EPS. Photronics’s quarterly revenue was down .5% compared to the same quarter last year. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. Research analysts anticipate that Photronics, Inc. will post 2.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a research note on Friday. Zacks Research downgraded shares of Photronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Lake Street Capital reiterated a “buy” rating and set a $55.00 price target on shares of Photronics in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of Photronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

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.