Photronics (NASDAQ:PLAB) Director Kang Jyh Lee Sells 10,000 Shares of Company Stock

Photronics, Inc. (NASDAQ:PLAB) Director Kang Lee sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $29.70, for a total transaction of $297,000.00. Following the completion of the sale, the director directly owned 354,850 shares of the company’s stock, valued at approximately $10,539,045. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Photronics Price Performance

NASDAQ PLAB opened at $29.81 on Friday. The company’s 50 day simple moving average is $30.08 and its 200 day simple moving average is $36.14. The firm has a market capitalization of $1.76 billion, a PE ratio of 10.50 and a beta of 1.35. Photronics, Inc. has a 12 month low of $20.05 and a 12 month high of $56.00.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The company had revenue of $216.05 million for the quarter, compared to the consensus estimate of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Sell-side analysts anticipate that Photronics, Inc. will post 1.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PLAB shares. Zacks Research raised Photronics to a “hold” rating in a report on Friday, August 14th. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a research report on Friday, May 29th. Weiss Ratings raised Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Freedom Capital upgraded Photronics to a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Institutional Trading of Photronics

A number of institutional investors and hedge funds have recently modified their holdings of PLAB. Tidal Investments LLC lifted its position in Photronics by 57.7% in the second quarter. Tidal Investments LLC now owns 7,914 shares of the semiconductor company’s stock worth $257,000 after purchasing an additional 2,895 shares during the period. Engineers Gate Manager LP bought a new stake in Photronics in the 2nd quarter valued at $1,288,000. Integrated Wealth Concepts LLC bought a new stake in Photronics in the 2nd quarter valued at $40,000. NewEdge Advisors LLC acquired a new position in shares of Photronics in the 2nd quarter valued at $60,000. Finally, Nykredit A S acquired a new position in shares of Photronics in the 2nd quarter valued at $89,000. 88.38% of the stock is currently owned by institutional investors.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision photographic plates used in the semiconductor and flat-panel display manufacturing processes. Photomasks transfer circuit patterns onto silicon wafers and display substrates, making them an important component in the production of integrated circuits, memory devices, flat-panel displays and other electronic products.

The company provides photomasks for a range of semiconductor applications, including advanced logic, foundry and memory devices.