Penbrook Management LLC Grows Stake in Photronics, Inc. $PLAB

Penbrook Management LLC lifted its position in Photronics, Inc. (NASDAQ:PLAB) by 15.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,430 shares of the semiconductor company’s stock after buying an additional 14,385 shares during the period. Photronics makes up about 1.4% of Penbrook Management LLC’s investment portfolio, making the stock its 13th biggest position. Penbrook Management LLC owned approximately 0.18% of Photronics worth $2,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in Photronics during the second quarter valued at $40,000. State of Wyoming purchased a new position in Photronics during the first quarter valued at $98,000. CWM LLC lifted its position in Photronics by 36.1% during the first quarter. CWM LLC now owns 6,755 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,793 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Photronics during the first quarter valued at $227,000. Finally, EntryPoint Capital LLC purchased a new position in Photronics during the first quarter valued at $282,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PLAB shares. Singular Research upgraded Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Photronics in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $31.00.

Insider Activity at Photronics

In other Photronics news, Director Mary Paladino sold 42,750 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $24.00, for a total transaction of $1,026,000.00. Following the sale, the director directly owned 33,798 shares of the company’s stock, valued at $811,152. The trade was a 55.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Han Kyung Park sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $22.00, for a total value of $330,000.00. Following the sale, the senior vice president directly owned 103,000 shares in the company, valued at $2,266,000. The trade was a 12.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,750 shares of company stock valued at $1,953,800 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

Photronics Price Performance

Shares of NASDAQ PLAB opened at $23.20 on Tuesday. The business’s 50 day moving average is $22.56 and its two-hundred day moving average is $20.26. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $31.60. The stock has a market capitalization of $1.37 billion, a P/E ratio of 13.18 and a beta of 1.54.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The company had revenue of $210.39 million for the quarter, compared to analysts’ expectations of $204.30 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. As a group, equities research analysts anticipate that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Photronics Company Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.