Denali Advisors LLC Sells 76,200 Shares of Photronics, Inc. $PLAB

Denali Advisors LLC decreased its position in Photronics, Inc. (NASDAQ:PLAB) by 59.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 52,353 shares of the semiconductor company’s stock after selling 76,200 shares during the period. Denali Advisors LLC’s holdings in Photronics were worth $1,703,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Horizon Corp acquired a new position in shares of Photronics during the first quarter worth about $33,000. Torren Management LLC acquired a new stake in Photronics in the 4th quarter valued at approximately $26,000. Grove Bank & Trust bought a new stake in Photronics in the 2nd quarter valued at approximately $33,000. Larson Financial Group LLC bought a new stake in Photronics in the 3rd quarter valued at approximately $28,000. Finally, Quarry LP boosted its position in Photronics by 569.8% during the 4th quarter. Quarry LP now owns 1,353 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 1,151 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.

Photronics Trading Down 3.7%

NASDAQ PLAB opened at $30.70 on Thursday. The company has a market cap of $1.81 billion, a PE ratio of 11.20 and a beta of 1.38. Photronics, Inc. has a 12 month low of $20.05 and a 12 month high of $56.00. The stock has a 50 day moving average of $30.96 and a 200-day moving average of $37.62.

Photronics (NASDAQ:PLAB) last issued its earnings results on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.11). Photronics had a return on equity of 7.69% and a net margin of 18.47%.The firm had revenue of $209.94 million for the quarter, compared to analyst estimates of $216.47 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Photronics’s quarterly revenue was down .5% on a year-over-year basis. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. As a group, sell-side analysts predict that Photronics, Inc. will post 1.85 EPS for the current fiscal year.

Trending Headlines about Photronics

Here are the key news stories impacting Photronics this week:

• Neutral Sentiment: Photronics is expected to report earnings, making the upcoming results and management commentary on photomask demand an additional near-term focus for investors. The company’s previous quarterly results missed consensus estimates for both earnings and revenue, increasing the importance of its outlook. Photronics Expected to Post Earnings on Wednesday
• Negative Sentiment: Several firms, including Rosen, Hagens Berman, Kaplan Fox, Levi & Korsinsky, Pomerantz and others, announced notices related to a securities class action covering investors who purchased Photronics shares between December 10, 2025, and May 27, 2026. Investors have until September 4, 2026, to apply to become lead plaintiff. Levi & Korsinsky Photronics Class Action Notice
• Negative Sentiment: The lawsuit alleges that Photronics misled investors about demand and the outlook for its high-end integrated-circuit photomask business, including claims involving its “Trusted Mask” and “robust global order” representations. One notice alleges that the disclosures contributed to losses of up to $19.49 per share and a 36% stock-price collapse. These are allegations, and the potential financial liability and reputational impact remain uncertain. SueWallSt Photronics Securities Class Action Alert

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research note on Friday, July 24th. Zacks Research upgraded shares of Photronics to a “hold” rating in a report on Friday, August 14th. Freedom Capital raised shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Lake Street Capital reiterated a “buy” rating and issued a $55.00 price target on shares of Photronics in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Photronics from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $49.33.

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.