Squarepoint Ops LLC Invests $578,000 in Photronics, Inc. $PLAB

by · The Markets Daily

Squarepoint Ops LLC bought a new stake in Photronics, Inc. (NASDAQ:PLAB – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,691 shares of the semiconductor company’s stock, valued at approximately $578,000. Squarepoint Ops LLC owned approximately 0.05% of Photronics as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Boston Partners lifted its stake in Photronics by 2.9% during the 2nd quarter. Boston Partners now owns 826,718 shares of the semiconductor company’s stock valued at $15,706,000 after acquiring an additional 23,037 shares in the last quarter. LSV Asset Management raised its holdings in shares of Photronics by 17.2% in the second quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company’s stock valued at $49,106,000 after purchasing an additional 383,355 shares during the last quarter. Strs Ohio bought a new position in shares of Photronics during the first quarter valued at about $648,000. Voya Investment Management LLC boosted its holdings in Photronics by 16.1% during the first quarter. Voya Investment Management LLC now owns 204,238 shares of the semiconductor company’s stock worth $4,240,000 after purchasing an additional 28,345 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Photronics by 37.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,100 shares of the semiconductor company’s stock worth $3,749,000 after purchasing an additional 54,000 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Stock Performance

Shares of PLAB opened at $34.05 on Thursday. The business has a 50-day moving average of $25.64 and a 200 day moving average of $22.73. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $39.80. The firm has a market cap of $2.01 billion, a P/E ratio of 14.87 and a beta of 1.54.

Photronics (NASDAQ:PLAB – Get Free Report) last released its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. The business had revenue of $215.77 million for the quarter, compared to the consensus estimate of $204.54 million. Photronics had a net margin of 16.06% and a return on equity of 7.87%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. As a group, research analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on PLAB. DA Davidson increased their price objective on shares of Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Craig Hallum lifted their price target on Photronics from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research report on Monday. Zacks Research upgraded Photronics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $43.50.

View Our Latest Analysis on Photronics

Insider Buying and Selling

In related news, Director Mitchell G. Tyson sold 5,000 shares of Photronics stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $36.17, for a total value of $180,850.00. Following the completion of the transaction, the director directly owned 46,927 shares in the company, valued at approximately $1,697,349.59. The trade was a 9.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Han Kyung Park sold 13,750 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $37.99, for a total value of $522,362.50. Following the sale, the senior vice president owned 89,250 shares in the company, valued at approximately $3,390,607.50. This represents a 13.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160,250 shares of company stock worth $5,027,225 in the last 90 days. 3.20% of the stock is currently owned by company insiders.

Photronics Profile

(Free Report)

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.

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