Photronics (NASDAQ:PLAB) COO Sells $420,800.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) COO Hsueh-Chun Wang sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $42.08, for a total transaction of $420,800.00. Following the sale, the chief operating officer directly owned 154,685 shares in the company, valued at $6,509,144.80. The trade was a 6.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Photronics Stock Performance

Shares of Photronics stock remained flat at $40.85 during trading hours on Friday. The stock had a trading volume of 541,892 shares, compared to its average volume of 909,190. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $45.40. The business has a 50 day moving average price of $37.14 and a two-hundred day moving average price of $30.60. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 17.38 and a beta of 1.43.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The company had revenue of $225.07 million for the quarter, compared to analyst estimates of $220.09 million. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. As a group, equities research analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLAB. Zacks Research cut shares of Photronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a report on Friday, March 27th. Lake Street Capital began coverage on Photronics in a research note on Friday, March 20th. They set a “buy” rating and a $46.00 price objective for the company. DA Davidson upped their target price on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen upgraded Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in Photronics by 0.3% during the fourth quarter. Russell Investments Group Ltd. now owns 105,784 shares of the semiconductor company’s stock valued at $3,385,000 after purchasing an additional 306 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Photronics by 16.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,624 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 365 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Photronics by 29.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,917 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 432 shares in the last quarter. GAMMA Investing LLC lifted its position in Photronics by 21.9% in the 4th quarter. GAMMA Investing LLC now owns 2,609 shares of the semiconductor company’s stock worth $83,000 after buying an additional 469 shares during the last quarter. Finally, Kendall Capital Management lifted its position in Photronics by 1.2% in the 4th quarter. Kendall Capital Management now owns 46,385 shares of the semiconductor company’s stock worth $1,484,000 after buying an additional 555 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Company Profile

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.