Shareholders Foundation: Investigation announced for Long-Term Investors who hold shares of Photronics, Inc. (NASDAQ: PLAB)

An investigation was announced for current long-term investors in shares of Photronics, Inc. (NASDAQ: PLAB) concerning potential breaches of fiduciary duties by certain directors of Photronics, Inc.

Investors who are current long term investors in Photronics, Inc. (NASDAQ: PLAB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: PLAB stocks follows a lawsuit filed against Photronics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PLAB stocks, concerns whether certain Photronics, Inc. directors are liable in connection with the allegations made in that lawsuit.

Broookfield, CT based 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. Photronics, Inc. (NASDAQ: PLAB) reported that its Total Revenue declined from $866.95 million for the 12 months period that ended on October 31, 2024, to $849.29 million for the 12 months period that ended on October 31, 2025, and that its Net Income increased over those respective time periods from $130.69 million to $136.41 million.

On May 28, 2026, Photronics, Inc announced its financial results for the second quarter of fiscal 2026, allegedly revealing revenue and earnings well below internal projections and highlighting a critical collapse of integrated circuit revenue by 11% sequentially.

According to that complaint filed in the U.S. District Court for the District of Connecticut the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that the defendants created the false impression that they possessed reliable information pertaining to Photronics' projected revenue outlook and anticipated growth, while also minimizing risks from post-holiday seasonality and macroeconomic fluctuations, and that Photronics' high-end chip design release pipeline was experiencing severe, ongoing bottlenecks due to elevated foundry utilization rates and equipment cost pressures that rendered its forward growth expectations unachievable.

Those who purchased shares of Photronics, Inc. (NASDAQ: PLAB) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.