Photronics (NASDAQ:PLAB) Director Kang Jyh Lee Sells 10,000 Shares

Key Points

• Director Kang Jyh Lee sold 10,000 shares of Photronics stock for $253,300, reducing his ownership stake by 1.91% to 513,350 shares.
• Photronics reported $0.51 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $210.39 million, slightly below year-over-year results.
• Recent analyst reports have upgraded Photronics’ stock ratings, with several firms now suggesting it as a "strong buy" or "buy", projecting an average price target of $31.00.

Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Kang Jyh Lee sold 10,000 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $25.33, for a total value of $253,300.00. Following the completion of the transaction, the director owned 513,350 shares in the company, valued at $13,003,155.50. The trade was a 1.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Photronics Stock Up 1.2%

Shares of PLAB traded up $0.27 during midday trading on Wednesday, reaching $23.55. The company had a trading volume of 1,358,212 shares, compared to its average volume of 919,198. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $31.60. The stock has a market cap of $1.39 billion, a PE ratio of 13.38 and a beta of 1.54. The firm has a 50 day simple moving average of $22.38 and a 200-day simple moving average of $20.24.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Photronics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Byrne Asset Management LLC purchased a new stake in Photronics during the second quarter worth approximately $40,000. Newbridge Financial Services Group Inc. lifted its stake in Photronics by 336.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 3,600 shares of the semiconductor company's stock valued at $68,000 after buying an additional 2,775 shares during the last quarter. State of Wyoming purchased a new stake in Photronics in the first quarter valued at approximately $98,000. CWM LLC lifted its stake in Photronics by 36.1% in the first quarter. CWM LLC now owns 6,755 shares of the semiconductor company's stock valued at $140,000 after buying an additional 1,793 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Photronics by 424.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,363 shares of the semiconductor company's stock valued at $157,000 after buying an additional 6,767 shares during the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

Photronics Company Profile

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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