Insider Selling: Photronics (NASDAQ:PLAB) Director Sells $307,500.00 in Stock

Key Points

• Photronics director Kang Lee sold 10,000 shares at an average price of $30.75, generating $307,500 and reducing his holdings by 2.88% to 337,350 shares. He also sold 17,500 shares in two earlier September transactions.
• Photronics shares were up 0.2% at $30.83, while the company reported quarterly EPS of $0.50 and revenue of $216.05 million, exceeding analyst estimates.
• Analysts maintain a “Moderate Buy” consensus with a $49.33 target price, and institutional investors own 88.38% of the company’s stock.

Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Kang Lee sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $30.75, for a total transaction of $307,500.00. Following the sale, the director owned 337,350 shares in the company, valued at approximately $10,373,512.50. This trade represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

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

Photronics Trading Up 0.2%

Shares of Photronics stock traded up $0.05 during trading hours on Thursday, reaching $30.83. 1,700,392 shares of the company's stock were exchanged, 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 has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.86 and a beta of 1.32. The company has a fifty day moving average of $30.12 and a 200-day moving average of $36.03.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $216.05 million during the quarter, compared to the consensus estimate of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $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.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Photronics

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Photronics in the 2nd quarter valued at about $308,586,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Photronics during the 1st quarter worth approximately $47,902,000. Janus Henderson Group PLC raised its holdings in Photronics by 32.5% in the first quarter. Janus Henderson Group PLC now owns 823,488 shares of the semiconductor company's stock valued at $33,289,000 after buying an additional 202,040 shares during the period. Needham Investment Management LLC raised its holdings in Photronics by 2.0% in the fourth quarter. Needham Investment Management LLC now owns 775,000 shares of the semiconductor company's stock valued at $24,800,000 after buying an additional 15,000 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Photronics during the second quarter valued at approximately $12,374,000. Hedge funds and other institutional investors own 88.38% of the company's stock.

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.

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