Photronics (NASDAQ:PLAB) Director Sells 10,000 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) Director Kang Lee sold 10,000 shares of Photronics stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $30.75, for a total transaction of $307,500.00. Following the transaction, the director owned 337,350 shares in the company, valued at $10,373,512.50. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, September 24th, Kang Lee sold 7,500 shares of Photronics stock. The shares were sold at an average price of $29.50, for a total value of $221,250.00.
• On Tuesday, September 22nd, Kang Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $29.70, for a total value of $297,000.00.

Photronics Stock Performance

Shares of NASDAQ:PLAB traded up $0.05 during mid-day trading on Thursday, hitting $30.83. 1,700,392 shares of the company traded hands, compared to its average volume of 801,248. Photronics, Inc. has a 52-week low of $20.05 and a 52-week high of $56.00. The firm’s 50 day simple moving average is $30.12 and its 200 day simple moving average is $36.03. The firm has a market cap of $1.82 billion, a P/E ratio of 10.86 and a beta of 1.32.

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

Institutional Trading of Photronics

A number of large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Photronics in the 2nd quarter valued at approximately $308,586,000. Vaughan Nelson Investment Management L.P. bought a new stake in Photronics during the 1st quarter valued at $47,902,000. Janus Henderson Group PLC boosted its position in Photronics by 32.5% during the 1st quarter. Janus Henderson Group PLC now owns 823,488 shares of the semiconductor company’s stock worth $33,289,000 after acquiring an additional 202,040 shares during the period. Needham Investment Management LLC grew its stake in shares of Photronics by 2.0% in the fourth quarter. Needham Investment Management LLC now owns 775,000 shares of the semiconductor company’s stock worth $24,800,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Photronics in the second quarter worth $12,374,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Photronics from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Zacks Research upgraded Photronics to a “hold” rating in a research note on Friday, August 14th. Weiss Ratings raised Photronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Finally, Freedom Capital upgraded Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.