Insider Selling: Photronics (NASDAQ:PLAB) Director Sells 5,000 Shares of Stock

Key Points

• Photronics Director Mitchell Tyson sold 5,000 shares of the company's stock at an average price of $25.04, decreasing his ownership by 8.78% and leaving him with approximately 51,927 shares.
• The company's stock saw a slight increase of 1.9% recently, trading at $23.99, with a market capitalization of $1.42 billion.
• Photronics reported $0.51 EPS for the last quarter, surpassing the consensus estimate of $0.39, and set Q4 2025 guidance at 0.420-0.480 EPS.

Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Mitchell Tyson sold 5,000 shares of the firm's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $25.04, for a total value of $125,200.00. Following the transaction, the director owned 51,927 shares in the company, valued at approximately $1,300,252.08. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Photronics Stock Up 1.9%

Shares of PLAB traded up $0.44 during midday trading on Thursday, hitting $23.99. The company's stock had a trading volume of 872,451 shares, compared to its average volume of 957,331. Photronics, Inc. has a one year low of $16.46 and a one year high of $31.60. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.63 and a beta of 1.54. The company's fifty day simple moving average is $22.45 and its two-hundred day simple moving average is $20.26.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. The firm had revenue of $210.39 million for the quarter, compared to the consensus estimate of $204.30 million. Photronics had a return on equity of 8.19% and a net margin of 12.67%.The business's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. On average, research analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

PLAB has been the subject of several analyst reports. Wall Street Zen raised Photronics from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Photronics in a research note on Wednesday. Craig Hallum initiated coverage on Photronics in a research note on Wednesday, June 11th. They issued a "buy" rating and a $32.00 price objective for the company. Finally, Singular Research raised Photronics to a "strong-buy" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Photronics presently has a consensus rating of "Buy" and an average price target of $31.00.

Institutional Investors Weigh In On Photronics

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Photronics by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,012,744 shares of the semiconductor company's stock worth $21,025,000 after acquiring an additional 5,162 shares in the last quarter. GAMMA Investing LLC increased its stake in Photronics by 1,761.0% in the first quarter. GAMMA Investing LLC now owns 64,169 shares of the semiconductor company's stock valued at $1,332,000 after acquiring an additional 60,721 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Photronics by 22.9% during the first quarter. SG Americas Securities LLC now owns 28,982 shares of the semiconductor company's stock valued at $602,000 after buying an additional 5,391 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Photronics by 50.9% during the first quarter. Envestnet Asset Management Inc. now owns 57,417 shares of the semiconductor company's stock valued at $1,192,000 after buying an additional 19,375 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Photronics by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company's stock worth $122,634,000 after purchasing an additional 38,330 shares during the period. Hedge funds and other institutional investors own 88.38% of the company's stock.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.

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