Insider Selling: Photronics (NASDAQ:PLAB) CFO Sells 41,517 Shares of Stock

Key Points

• CFO Eric Rivera sold 41,517 shares on April 9 at an average price of $44 for a total of about $1.83 million, cutting his ownership by 23.36% to 136,173 shares valued at roughly $5.99 million.
• PLAB shares traded up 1.7% to $45.67, with a market cap of $2.69 billion, a P/E of 19.43, a 12‑month range of $16.59–$45.92, and 50/200‑day moving averages of $38.07/$31.48.
• Photronics beat Q1 estimates with $0.61 EPS (vs. $0.54) and $225.07M revenue (vs. $220.09M), issued Q2 guidance of $0.49–$0.55, and holds an analyst consensus of "Moderate Buy" (average target $46.33) amid ~88% institutional ownership.

Photronics, Inc. (NASDAQ:PLAB - Get Free Report) CFO Eric Rivera sold 41,517 shares of the business's stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $44.00, for a total transaction of $1,826,748.00. Following the completion of the sale, the chief financial officer directly owned 136,173 shares of the company's stock, valued at $5,991,612. This represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Photronics Stock Up 1.7%

PLAB stock traded up $0.77 during trading hours on Monday, hitting $45.67. The company's stock had a trading volume of 929,332 shares, compared to its average volume of 911,209. The company has a market capitalization of $2.69 billion, a PE ratio of 19.43 and a beta of 1.43. Photronics, Inc. has a 12 month low of $16.59 and a 12 month high of $45.92. The stock has a 50 day moving average price of $38.07 and a two-hundred day moving average price of $31.48.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.54 by $0.07. The company had revenue of $225.07 million during the quarter, compared to the consensus estimate of $220.09 million. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. Sell-side analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on PLAB shares. Wall Street Zen raised shares of Photronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Lake Street Capital started coverage on shares of Photronics in a report on Friday, March 20th. They set a "buy" rating and a $46.00 price objective for the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Photronics in a report on Friday, March 27th. Craig Hallum reaffirmed a "buy" rating and set a $48.00 price objective on shares of Photronics in a report on Tuesday, March 3rd. Finally, Zacks Research downgraded shares of Photronics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 10th. One investment 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.33.

Institutional Trading of Photronics

Several large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in Photronics by 699.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company's stock valued at $52,914,000 after purchasing an additional 2,017,052 shares during the last quarter. Invesco Ltd. raised its stake in Photronics by 395.9% during the 4th quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company's stock valued at $49,164,000 after purchasing an additional 1,226,588 shares during the last quarter. Janus Henderson Group PLC raised its stake in Photronics by 2,201.5% during the 4th quarter. Janus Henderson Group PLC now owns 621,448 shares of the semiconductor company's stock valued at $19,883,000 after purchasing an additional 594,446 shares during the last quarter. LSV Asset Management raised its stake in Photronics by 14.7% during the 4th quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company's stock valued at $92,271,000 after purchasing an additional 370,489 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Photronics during the 3rd quarter valued at $8,416,000. 88.38% of the stock is owned by institutional investors.

About Photronics

Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.

Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.

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