Insider Selling: Photronics (NASDAQ:PLAB) Director Sells 7,500 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) Director Kang Lee sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $29.50, for a total transaction of $221,250.00. Following the sale, the director directly owned 347,350 shares of the company’s stock, valued at approximately $10,246,825. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 22nd, Kang Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $29.70, for a total transaction of $297,000.00.

Photronics Trading Up 0.3%

PLAB traded up $0.10 during trading on Monday, hitting $30.50. 872,079 shares of the company’s stock were exchanged, compared to its average volume of 1,000,558. Photronics, Inc. has a 1 year low of $20.05 and a 1 year high of $56.00. The stock has a 50 day moving average price of $30.14 and a 200 day moving average price of $36.09. The firm has a market cap of $1.80 billion, a P/E ratio of 10.74 and a beta of 1.35.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The business had revenue of $216.05 million for the quarter, compared to the consensus estimate of $208.75 million. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Analysts forecast that Photronics, Inc. will post 1.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Photronics

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its position in Photronics by 29.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,917 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 432 shares in the last quarter. LVZ Inc. increased its stake in Photronics by 3.6% in the 1st quarter. LVZ Inc. now owns 21,966 shares of the semiconductor company’s stock valued at $888,000 after buying an additional 761 shares during the period. Allworth Financial LP purchased a new stake in Photronics in the 2nd quarter worth approximately $26,000. First Horizon Corp acquired a new stake in shares of Photronics during the 1st quarter valued at $33,000. Finally, Grove Bank & Trust acquired a new stake in shares of Photronics during the 2nd quarter valued at $33,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on PLAB shares. Weiss Ratings upgraded Photronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Wall Street Zen cut shares of Photronics from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of Photronics to a “hold” rating in a research note on Friday, August 14th. Finally, Freedom Capital raised shares of Photronics to a “strong-buy” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.33.

About Photronics

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.