Photronics (NASDAQ:PLAB) Director Sells $1,026,000.00 in Stock

Key Points

• Photronics, Inc. Director Mary Paladino sold 42,750 shares for a total of $1,026,000, resulting in a significant 55.85% decrease in her ownership of the stock.
• The company's stock price rose by 2.7% to $25.05 following the transaction, with a 1-year market cap of $1.48 billion.
• Photronics reported earnings of $0.51 EPS for the last quarter, surpassing estimates and forecasting 0.420-0.480 EPS for Q4 2025.

Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Mary Paladino sold 42,750 shares of the firm's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $24.00, for a total transaction of $1,026,000.00. Following the completion of the transaction, the director directly owned 33,798 shares in the company, valued at approximately $811,152. This represents a 55.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Photronics Stock Up 2.7%

PLAB traded up $0.65 during trading on Monday, reaching $25.05. The company's stock had a trading volume of 835,643 shares, compared to its average volume of 664,855. The firm has a fifty day simple moving average of $22.22 and a two-hundred day simple moving average of $20.17. Photronics, Inc. has a 1 year low of $16.46 and a 1 year high of $31.60. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 14.23 and a beta of 1.54.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The semiconductor company reported $0.51 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 firm had revenue of $210.39 million for the quarter, compared to the consensus estimate of $204.30 million. During the same quarter last year, the business posted $0.51 earnings per share. The firm's revenue was down .3% compared to the same quarter last year. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. As a group, equities analysts forecast that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Photronics

A number of large investors have recently modified their holdings of the company. SummerHaven Investment Management LLC increased its holdings in Photronics by 2.1% in the first quarter. SummerHaven Investment Management LLC now owns 30,540 shares of the semiconductor company's stock valued at $634,000 after buying an additional 625 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Photronics by 6.8% in the second quarter. Quantinno Capital Management LP now owns 14,847 shares of the semiconductor company's stock valued at $280,000 after buying an additional 945 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Photronics by 7.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,319 shares of the semiconductor company's stock valued at $307,000 after buying an additional 1,162 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Photronics by 2.3% in the 2nd quarter. Sei Investments Co. now owns 55,868 shares of the semiconductor company's stock valued at $1,052,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Photronics by 4.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 31,525 shares of the semiconductor company's stock valued at $654,000 after acquiring an additional 1,440 shares during the last quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Photronics from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Photronics in a research report on Saturday, September 27th. Craig Hallum began coverage on shares of Photronics in a research report on Wednesday, June 11th. They set a "buy" rating and a $32.00 price target on the stock. Finally, Singular Research upgraded Photronics to a "strong-buy" rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $31.00.

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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