Insider Selling: Photronics (NASDAQ:PLAB) SVP Sells $288,515.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) SVP Han Park sold 9,500 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $30.37, for a total transaction of $288,515.00. Following the completion of the sale, the senior vice president directly owned 66,000 shares of the company’s stock, valued at $2,004,420. This trade represents a 12.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Photronics Trading Up 0.2%

NASDAQ PLAB opened at $30.83 on Friday. The company’s fifty day simple moving average is $30.12 and its 200-day simple moving average is $36.03. Photronics, Inc. has a 52 week low of $20.05 and a 52 week high of $56.00. The stock 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 announced its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.10. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The business had revenue of $216.05 million during the quarter, compared to the consensus estimate of $208.75 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, research analysts expect that Photronics, Inc. will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLAB has been the topic of several recent analyst reports. Freedom Capital upgraded Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. Zacks Research upgraded Photronics to a “hold” rating in a report on Friday, August 14th. Finally, Wall Street Zen lowered Photronics from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. 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 stock. According to MarketBeat.com, Photronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

Institutional Investors Weigh In On Photronics

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its stake in Photronics by 29.1% during the fourth 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 during the last quarter. LVZ Inc. boosted its holdings in Photronics by 3.6% in the first quarter. LVZ Inc. now owns 21,966 shares of the semiconductor company’s stock worth $888,000 after purchasing an additional 761 shares during the period. Allworth Financial LP bought a new stake in Photronics during the second quarter valued at $26,000. First Horizon Corp bought a new stake in Photronics during the first quarter valued at $33,000. Finally, Grove Bank & Trust acquired a new stake in shares of Photronics during the second quarter worth $33,000. Institutional investors own 88.38% of the company’s stock.

Photronics Company Profile

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision quartz and glass plates used to transfer circuit patterns onto semiconductor wafers and display panels during the manufacturing process. Its products are essential to the production of integrated circuits and flat-panel displays.

The company provides photomasks for a range of semiconductor applications, including advanced logic, memory and other specialized devices. It also supplies photomasks used in flat-panel display manufacturing, supporting technologies such as liquid-crystal displays and other display formats.