Mitchell Tyson Sells 10,000 Shares of Photronics (NASDAQ:PLAB) Stock
by Tristan Rich · The Markets DailyPhotronics, Inc. (NASDAQ:PLAB – Get Free Report) Director Mitchell Tyson sold 10,000 shares of Photronics stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $42.31, for a total transaction of $423,100.00. Following the completion of the sale, the director directly owned 33,199 shares of the company’s stock, valued at approximately $1,404,649.69. The trade was a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Photronics Stock Performance
Photronics stock remained flat at $40.85 during mid-day trading on Friday. 541,892 shares of the company’s stock traded hands, compared to its average volume of 909,190. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $45.40. The business has a fifty day moving average price of $37.14 and a 200 day moving average price of $30.60. The firm has a market capitalization of $2.41 billion, a PE ratio of 17.38 and a beta of 1.43.
Photronics (NASDAQ:PLAB – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The company had revenue of $225.07 million during the quarter, compared to analysts’ expectations of $220.09 million. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. Analysts expect that Photronics, Inc. will post 2.3 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have commented on PLAB. DA Davidson increased their price target on Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Lake Street Capital assumed coverage on shares of Photronics in a report on Friday, March 20th. They set a “buy” rating and a $46.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Photronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.33.
Read Our Latest Research Report on Photronics
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PLAB. LSV Asset Management boosted its position in shares of Photronics by 14.7% in the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company’s stock valued at $92,271,000 after acquiring an additional 370,489 shares during the period. American Century Companies Inc. increased its position in Photronics by 4.6% during the third quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company’s stock worth $55,361,000 after acquiring an additional 106,069 shares during the period. Victory Capital Management Inc. raised its stake in Photronics by 699.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock valued at $52,914,000 after purchasing an additional 2,017,052 shares during the last quarter. Invesco Ltd. boosted its holdings in Photronics by 395.9% in the 4th quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company’s stock valued at $49,164,000 after purchasing an additional 1,226,588 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Photronics by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,023,766 shares of the semiconductor company’s stock valued at $32,761,000 after purchasing an additional 33,573 shares during the period. 88.38% of the stock is owned by institutional investors.
Photronics Company Profile
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.