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

Photronics, Inc. (NASDAQ:PLAB) Director Kang Jyh Lee sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $45.92, for a total transaction of $918,400.00. Following the completion of the transaction, the director owned 355,850 shares of the company’s stock, valued at approximately $16,340,632. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, April 15th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $45.10, for a total transaction of $451,000.00.
• On Monday, April 13th, Kang Jyh Lee sold 5,000 shares of Photronics stock. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00.
• On Wednesday, April 8th, Kang Jyh Lee sold 5,000 shares of Photronics stock. The stock was sold at an average price of $43.27, for a total transaction of $216,350.00.
• On Monday, April 6th, Kang Jyh Lee sold 5,000 shares of Photronics stock. The stock was sold at an average price of $40.53, for a total transaction of $202,650.00.
• On Monday, March 23rd, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $39.00, for a total transaction of $390,000.00.
• On Thursday, March 19th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $35.80, for a total transaction of $358,000.00.

Photronics Trading Up 1.9%

Shares of PLAB traded up $0.90 during midday trading on Monday, hitting $49.28. The stock had a trading volume of 984,827 shares, compared to its average volume of 896,687. Photronics, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $49.62. The business has a 50-day simple moving average of $39.21 and a two-hundred day simple moving average of $32.31. The firm has a market cap of $2.91 billion, a P/E ratio of 20.97 and a beta of 1.43.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.54 by $0.07. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The company had revenue of $225.07 million during the quarter, compared to analysts’ expectations of $220.09 million. During the same period last year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, analysts expect that Photronics, Inc. will post 2.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Craig Hallum reissued a “buy” rating and issued a $48.00 price target on shares of Photronics in a research report on Tuesday, March 3rd. Zacks Research raised shares of Photronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Wall Street Zen raised shares of Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Lake Street Capital assumed coverage on shares of Photronics in a research report on Friday, March 20th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $46.33.

Institutional Trading of Photronics

Hedge funds have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. bought a new position in Photronics during the first quarter valued at approximately $47,902,000. Hsbc Holdings PLC bought a new position in Photronics during the fourth quarter valued at approximately $428,000. Union Savings Bank bought a new position in Photronics during the fourth quarter valued at approximately $160,000. Caitong International Asset Management Co. Ltd raised its position in Photronics by 278.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,650 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 1,214 shares in the last quarter. Finally, DGS Capital Management LLC bought a new position in Photronics during the fourth quarter valued at approximately $220,000. 88.38% of the stock is owned by hedge funds and other institutional investors.

About Photronics

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.