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M&T Bank Corp Grows Stake in Photronics, Inc. $PLAB
M&T Bank Corp significantly increased its stake in Photronics, Inc. (NASDAQ:PLAB) by 847.4% in the fourth quarter of 2025, bringing its total ownership to 88,161 shares valued at approximately $2.82 million. Despite this increased institutional interest, the semiconductor company saw substantial insider selling, with 346,144 shares worth about $15.06 million sold during the last quarter. Analysts maintain a “Buy” consensus rating on PLAB with an average price target of $46.33, though the stock is currently trading near its 52-week high around $51.40.