Photronics (NASDAQ:PLAB) Director Kang Jyh Lee Sells 20,000 Shares

Photronics, Inc. (NASDAQ:PLAB) Director Kang Jyh Lee sold 20,000 shares of Photronics stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $36.45, for a total transaction of $729,000.00. Following the transaction, the director directly owned 493,350 shares in the company, valued at $17,982,607.50. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kang Jyh Lee also recently made the following trade(s):

• On Friday, December 12th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The stock was sold at an average price of $38.53, for a total transaction of $770,600.00.
• On Monday, October 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $25.33, for a total transaction of $253,300.00.

Photronics Trading Down 6.5%

Shares of PLAB traded down $2.39 during trading hours on Tuesday, reaching $34.36. 1,894,026 shares of the stock traded hands, compared to its average volume of 775,029. The company has a market cap of $2.03 billion, a P/E ratio of 15.00 and a beta of 1.54. The company’s 50-day moving average price is $24.39 and its two-hundred day moving average price is $22.10. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $39.80.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. Photronics had a return on equity of 7.87% and a net margin of 16.06%.The business had revenue of $215.77 million for the quarter, compared to analysts’ expectations of $204.54 million. During the same period last year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. On average, research analysts forecast that Photronics, Inc. will post 2.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Zacks Research downgraded Photronics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Craig Hallum boosted their target price on shares of Photronics from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a research report on Monday. Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PLAB. Charles Schwab Investment Management Inc. raised its position in Photronics by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,012,744 shares of the semiconductor company’s stock valued at $21,025,000 after purchasing an additional 5,162 shares during the period. Boston Partners boosted its holdings in shares of Photronics by 2.9% in the 2nd quarter. Boston Partners now owns 826,718 shares of the semiconductor company’s stock worth $15,706,000 after purchasing an additional 23,037 shares during the period. LSV Asset Management increased its position in shares of Photronics by 17.2% during the 2nd 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. Vanguard Group Inc. raised its holdings in Photronics by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company’s stock valued at $122,634,000 after buying an additional 38,330 shares during the period. Finally, Voya Investment Management LLC raised its holdings in Photronics by 16.1% during the 1st quarter. Voya Investment Management LLC now owns 204,238 shares of the semiconductor company’s stock valued at $4,240,000 after buying an additional 28,345 shares during the period. 88.38% of the stock is owned by hedge funds and other institutional investors.

About Photronics

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. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.