Han Kyung Park Sells 13,750 Shares of Photronics (NASDAQ:PLAB) Stock

by · The Markets Daily

Photronics, Inc. (NASDAQ:PLAB – Get Free Report) SVP Han Kyung Park sold 13,750 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $37.99, for a total transaction of $522,362.50. Following the completion of the sale, the senior vice president directly owned 89,250 shares of the company’s stock, valued at approximately $3,390,607.50. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Photronics Price Performance

Shares of PLAB traded down $2.39 during midday trading on Tuesday, reaching $34.36. 1,894,026 shares of the stock were exchanged, compared to its average volume of 775,029. The business’s 50-day moving average price is $24.39 and its 200 day moving average price is $22.10. Photronics, Inc. has a twelve month low of $16.46 and a twelve month high of $39.80. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 15.00 and a beta of 1.54.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a report on Monday. Singular Research raised shares of Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Zacks Research downgraded shares of Photronics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, DA Davidson raised their price target on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.50.

Read Our Latest Stock Analysis on PLAB

Institutional Trading of Photronics

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Photronics by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company’s stock worth $122,634,000 after acquiring an additional 38,330 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Photronics by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,012,744 shares of the semiconductor company’s stock valued at $21,025,000 after purchasing an additional 5,162 shares in the last quarter. Invesco Ltd. increased its position in Photronics by 12.1% during the 1st quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock worth $26,131,000 after purchasing an additional 135,859 shares during the period. Nuveen LLC purchased a new position in shares of Photronics during the 1st quarter worth approximately $3,462,000. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Photronics by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 200,835 shares of the semiconductor company’s stock valued at $4,169,000 after buying an additional 43,029 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.

About Photronics

(Get Free Report)

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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