Photronics (NASDAQ:PLAB) Director Sells $300,212.50 in Stock

Photronics, Inc. (NASDAQ:PLAB) Director Kang Jyh Lee sold 8,750 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $34.31, for a total value of $300,212.50. Following the sale, the director owned 484,600 shares of the company’s stock, valued at approximately $16,626,626. This represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, December 12th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The shares were sold at an average price of $38.53, for a total transaction of $770,600.00.
• On Monday, December 15th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The shares were sold at an average price of $36.45, for a total transaction of $729,000.00.
• On Monday, October 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $25.33, for a total value of $253,300.00.

Photronics Trading Down 0.6%

Shares of PLAB traded down $0.22 during midday trading on Tuesday, reaching $34.20. 805,362 shares of the stock were exchanged, compared to its average volume of 2,143,332. The company’s 50 day moving average is $25.43 and its two-hundred day moving average is $22.65. The company has a market capitalization of $2.02 billion, a P/E ratio of 14.93 and a beta of 1.54. Photronics, Inc. has a 52 week low of $16.46 and a 52 week high of $39.80.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. Photronics had a return on equity of 7.87% and a net margin of 16.06%.The company had revenue of $215.77 million for the quarter, compared to analyst estimates of $204.54 million. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. On average, sell-side analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on PLAB. Zacks Research raised Photronics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. DA Davidson raised their target price on shares of Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a research report on Monday. Finally, Craig Hallum lifted their price objective on Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $43.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in shares of Photronics during the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. increased its position in Photronics by 673.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company’s stock worth $34,000 after buying an additional 1,293 shares during the period. Byrne Asset Management LLC bought a new position in shares of Photronics in the second quarter worth about $40,000. Wexford Capital LP acquired a new position in shares of Photronics in the 3rd quarter worth approximately $62,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in Photronics by 336.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 3,600 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 2,775 shares in the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

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.