Photronics (NASDAQ:PLAB) Director Kang Jyh Lee Sells 20,000 Shares

by · The Cerbat Gem

Photronics, Inc. (NASDAQ:PLAB – Get Free Report) Director Kang Jyh Lee sold 20,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $38.53, for a total value of $770,600.00. Following the completion of the transaction, the director directly owned 493,350 shares in the company, valued at $19,008,775.50. The trade was a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

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

Photronics Stock Down 6.5%

Photronics stock traded down $2.39 during midday trading on Tuesday, hitting $34.36. 1,894,026 shares of the stock were exchanged, compared to its average volume of 775,029. The company has a fifty day simple moving average of $24.39 and a two-hundred day simple moving average of $22.10. Photronics, Inc. has a 52 week low of $16.46 and a 52 week high of $39.80. The stock has a market capitalization of $2.03 billion, a PE ratio of 15.00 and a beta of 1.54.

Photronics (NASDAQ:PLAB – Get Free Report) last issued its earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. The firm had revenue of $215.77 million during the quarter, compared to the consensus estimate of $204.54 million. Photronics had a net margin of 16.06% and a return on equity of 7.87%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. As a group, equities research analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Photronics by 699.0% in the third quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock valued at $52,914,000 after acquiring an additional 2,017,052 shares during the last quarter. LSV Asset Management boosted its position in Photronics by 17.2% during the second quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company’s stock valued at $49,106,000 after purchasing an additional 383,355 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Photronics in the third quarter valued at approximately $8,416,000. American Century Companies Inc. increased its position in shares of Photronics by 8.8% during the 1st quarter. American Century Companies Inc. now owns 2,196,267 shares of the semiconductor company’s stock worth $45,595,000 after purchasing an additional 177,380 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Photronics during the 1st quarter worth approximately $3,462,000. 88.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PLAB. Singular Research raised Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Wall Street Zen raised Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research note on Monday. Finally, Zacks Research downgraded shares of Photronics from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.50.

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Photronics Company Profile

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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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