Photronics (PLAB)
Makes photomasks that transfer circuit designs onto semiconductor wafers and display substrates.
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Makes custom quartz and glass photomasks used to transfer circuit patterns onto semiconductor wafers and flat-panel displays. Sales span high-end and mainstream IC and display masks, with demand tied more to customers’ new design releases than to production volumes.
Produces high-precision quartz and glass photomasks that transfer customer-supplied circuit patterns onto semiconductor wafers and flat-panel-display substrates. The portfolio spans high-end and mainstream IC masks, plus high-end and mainstream FPD masks, within a single reporting segment. Revenue comes from selling custom mask sets to chip designers, foundries, integrated device manufacturers, and display makers.
Competes through process control, inspection, fast delivery, technical capability, and proximity to customers, supported by eleven plants across Asia, North America, and Europe. Customer qualification and close applications-development work link each facility to local manufacturing roadmaps. Demand depends chiefly on new semiconductor and display design releases rather than end-product unit volumes. Most sales originate outside the United States, and production relies on specialized lithography equipment and a limited supplier base.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 1, 2026 | Lake Street | Target | Target: — | Target: $55 |
| Mar 3, 2026 | Craig-Hallum | Target | Target: $42 | Target: $48 |
| Dec 11, 2025 | Craig-Hallum | Reiterate | Rating: —Target: — | Target: $42 |
| Dec 11, 2025 | DA Davidson | Reiterate | Rating: —Target: $30 | Target: $45 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Aug 2, 2026Cash & short-term investments $672.8M · Total debt $3.9M · Total assets $1.99B · Shareholders' equity $1.28B
- Revenue
- $216.0M
- Operating income
- $45.5M
- Net income
- $28.9M
No dividends on record.
| Institutions | 94.88% | 55.95M shares | |
|---|---|---|---|
| 330 holders · as of Jun 30, 2026 | |||
| Insiders | 16.03% | 9.45M shares | |
| 18 holders · as of Apr 21, 2026 | |||
| Adds to | 110.91% | ||
58.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 110.91%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.09% | 9.49M | as of Jun 30, 2026 |
PageInsider | 7.66% | 4.51M | filed Feb 5, 2018 |
Barrow, Hanley, Mewhinney & Strauss, LLCInstitution | 6.76% | 3.98M | filed Feb 11, 2019 |
Dimensional Fund Advisors LPInstitution | 6.18% | 3.64M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 5.74% | 3.39M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 17, 2026 | Rui Zhang | officer: VP, CAO & Corporate Controller | −4,556 | $46.70 |
| Apr 16, 2026 | Kang Jyh Lee | director | −20,000 | $45.93 |
| Apr 15, 2026 | Kang Jyh Lee | director | −10,000 | $45.10 |
| Apr 14, 2026 | Hsueh-Chun Wang | officer: SVP/COO IC & US/EU Mnstrm Ops | −19,250 | $45.30 |
| Apr 13, 2026 | Eric Rivera | officer: President, CFO | −1,000 | $44.77 |
Not reported.