Photronics (NASDAQ:PLAB) Director Sells $221,250.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) Director Kang Lee sold 7,500 shares of the business’s 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 transaction, the director 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 Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $29.70, for a total transaction of $297,000.00.

Photronics Price Performance

Photronics stock opened at $30.78 on Thursday. The business has a fifty day moving average price of $30.13 and a 200-day moving average price of $36.05. Photronics, Inc. has a 1-year low of $20.05 and a 1-year high of $56.00. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.84 and a beta of 1.35.

Photronics (NASDAQ:PLAB) last released its quarterly 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 company had revenue of $216.05 million during the quarter, compared to analysts’ expectations of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, equities research analysts anticipate that Photronics, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on PLAB. Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. Wall Street Zen lowered Photronics from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Zacks Research raised Photronics to a “hold” rating in a report on Friday, August 14th. Finally, Freedom Capital upgraded shares of Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.33.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Photronics in the 2nd quarter worth approximately $308,586,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Photronics in the first quarter worth about $47,902,000. Janus Henderson Group PLC boosted its stake in shares of 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 in the last quarter. Needham Investment Management LLC grew its position in shares of Photronics by 2.0% during the 4th quarter. Needham Investment Management LLC now owns 775,000 shares of the semiconductor company’s stock valued at $24,800,000 after acquiring an additional 15,000 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Photronics in the 2nd quarter valued at about $12,374,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

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.