Allspring Global Investments Holdings LLC Buys 142,308 Shares of Photronics, Inc. $PLAB

Allspring Global Investments Holdings LLC boosted its stake in Photronics, Inc. (NASDAQ:PLAB) by 828.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 159,484 shares of the semiconductor company’s stock after acquiring an additional 142,308 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Photronics were worth $6,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Photronics by 30.1% in the first 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Photronics by 4.6% during 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Photronics by 14.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,752 shares of the semiconductor company’s stock worth $2,009,000 after acquiring an additional 12,159 shares during the period. Intech Investment Management LLC raised its position in shares of Photronics by 6.0% in the 1st quarter. Intech Investment Management LLC now owns 62,441 shares of the semiconductor company’s stock worth $1,296,000 after acquiring an additional 3,526 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Photronics by 21.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 273,646 shares of the semiconductor company’s stock worth $5,153,000 after acquiring an additional 48,342 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PLAB shares. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Wall Street Zen lowered shares of Photronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research cut shares of Photronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Craig Hallum restated a “buy” rating on shares of Photronics in a report on Friday, May 29th. Finally, Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $49.33.

More Photronics News

Here are the key news stories impacting Photronics this week:

• Negative Sentiment: Multiple law firms announced or reiterated securities fraud class action claims against Photronics, with lead-plaintiff deadlines approaching in early September 2026. The repeated legal notices suggest ongoing investor concern and can weigh on the stock. Article: Rosen Encourages Photronics Investors to Secure Counsel
• Negative Sentiment: The lawsuits allege Photronics misled investors about demand and outlook for its high-end IC photomask products, following a corrective disclosure that reportedly erased significant shareholder value. That keeps the focus on potential liability and governance issues. Article: SueWallSt Reminds Photronics Investors of Class Action
• Neutral Sentiment: Several firms are simply notifying shareholders of the filing process and lead-plaintiff deadlines, which does not change the underlying business outlook but may add to trading volatility. Article: Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

Photronics Stock Performance

Shares of NASDAQ PLAB opened at $30.94 on Friday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 11.29 and a beta of 1.37. Photronics, Inc. has a fifty-two week low of $19.17 and a fifty-two week high of $56.00. The firm’s 50-day simple moving average is $34.32 and its 200 day simple moving average is $38.00.

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

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.