Bridge City Capital LLC Sells 80,968 Shares of Photronics, Inc. $PLAB

Bridge City Capital LLC trimmed its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 59.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,389 shares of the semiconductor company’s stock after selling 80,968 shares during the period. Bridge City Capital LLC owned approximately 0.09% of Photronics worth $1,740,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PLAB. Victory Capital Management Inc. grew its stake in shares of Photronics by 699.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock valued at $52,914,000 after purchasing an additional 2,017,052 shares during the period. LSV Asset Management grew its stake in shares of Photronics by 14.7% in the 4th quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock valued at $92,271,000 after purchasing an additional 370,489 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Photronics in the 3rd quarter valued at approximately $8,416,000. Norges Bank bought a new stake in shares of Photronics in the 4th quarter valued at approximately $11,540,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Photronics in the 4th quarter valued at approximately $7,206,000. 88.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Photronics news, Director Kang Jyh Lee sold 20,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $45.92, for a total transaction of $918,400.00. Following the transaction, the director owned 355,850 shares of the company’s stock, valued at approximately $16,340,632. This represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Rivera sold 41,517 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $44.00, for a total value of $1,826,748.00. Following the transaction, the chief financial officer directly owned 136,173 shares in the company, valued at approximately $5,991,612. This represents a 23.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 346,144 shares of company stock worth $15,061,759. 3.30% of the stock is owned by company insiders.

Photronics Price Performance

Shares of PLAB opened at $31.78 on Friday. The company has a market capitalization of $1.87 billion, a P/E ratio of 11.60 and a beta of 1.37. Photronics, Inc. has a one year low of $18.00 and a one year high of $56.00. The business’s 50 day simple moving average is $44.46 and its 200-day simple moving average is $37.83.

Photronics (NASDAQ:PLAB) last announced its earnings results on Thursday, May 28th. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.11). Photronics had a return on equity of 7.69% and a net margin of 18.47%.The business had revenue of $209.94 million during the quarter, compared to analyst estimates of $216.47 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS.

Wall Street Analyst Weigh In

PLAB has been the topic of several analyst reports. Craig Hallum reiterated a “buy” rating on shares of Photronics in a research note on Friday, May 29th. Wall Street Zen lowered Photronics from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Lake Street Capital reiterated a “buy” rating and issued a $55.00 price objective on shares of Photronics in a research note on Friday, May 1st. Finally, Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a research note 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, Photronics presently has an average rating of “Moderate Buy” and a consensus price target of $49.33.

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.