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

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

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 Trading Up 0.3%

Shares of NASDAQ PLAB traded up $0.10 during midday trading on Monday, reaching $30.50. 872,079 shares of the stock were exchanged, compared to its average volume of 1,000,558. The stock has a 50 day moving average price of $30.14 and a 200-day moving average price of $36.09. The company has a market capitalization of $1.80 billion, a P/E ratio of 10.74 and a beta of 1.35. Photronics, Inc. has a 52-week low of $20.05 and a 52-week high of $56.00.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The firm 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%. Photronics’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, analysts forecast that Photronics, Inc. will post 1.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLAB has been the subject of several analyst reports. Weiss Ratings upgraded 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 research note on Saturday. Freedom Capital upgraded Photronics to a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Zacks Research raised shares of Photronics to a “hold” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.33.

Institutional Trading of Photronics

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC raised its position in shares of Photronics by 57.7% in the 2nd quarter. Tidal Investments LLC now owns 7,914 shares of the semiconductor company’s stock worth $257,000 after buying an additional 2,895 shares during the period. Engineers Gate Manager LP purchased a new stake in Photronics during the second quarter valued at about $1,288,000. Integrated Wealth Concepts LLC purchased a new stake in Photronics during the second quarter valued at about $40,000. NewEdge Advisors LLC acquired a new stake in Photronics during the second quarter worth about $60,000. Finally, Nykredit A S acquired a new stake in Photronics during the second quarter worth about $89,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Photronics Company Profile

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.