Insider Selling: Photronics (NASDAQ:PLAB) Director Sells $307,500.00 in Stock

by · The Markets Daily

Photronics, Inc. (NASDAQ:PLAB – Get Free Report) Director Kang Lee sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $30.75, for a total value of $307,500.00. Following the sale, the director directly owned 337,350 shares of the company’s stock, valued at $10,373,512.50. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Thursday, September 24th, Kang Lee sold 7,500 shares of Photronics stock. The shares were sold at an average price of $29.50, for a total value of $221,250.00.
  • On Tuesday, September 22nd, Kang Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $29.70, for a total value of $297,000.00.

Photronics Trading Up 2.1%

NASDAQ PLAB opened at $31.49 on Friday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 11.09 and a beta of 1.32. The business has a fifty day simple moving average of $30.15 and a 200 day simple moving average of $36.00. Photronics, Inc. has a 12 month low of $20.05 and a 12 month high of $56.00.

Photronics (NASDAQ:PLAB – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The firm had revenue of $216.05 million for the quarter, compared to the consensus estimate of $208.75 million. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. As a group, sell-side analysts predict that Photronics, Inc. will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PLAB. BlackRock Inc. purchased a new position in shares of Photronics during the 2nd quarter valued at $308,586,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Photronics during the 1st quarter worth $47,902,000. Bank of New York Mellon Corp purchased a new stake in Photronics in the 2nd quarter worth about $12,374,000. Heartland Advisors Inc. purchased a new stake in Photronics in the 2nd quarter worth about $12,355,000. Finally, Empowered Funds LLC bought a new stake in Photronics in the 2nd quarter valued at about $8,843,000. 88.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded Photronics to a “hold” rating in a research note on Friday, August 14th. Wall Street Zen cut Photronics from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Freedom Capital upgraded Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings raised Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.

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Photronics Company Profile

(Get Free Report)

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision quartz and glass plates used to transfer circuit patterns onto semiconductor wafers and display panels during the manufacturing process. Its products are essential to the production of integrated circuits and flat-panel displays.

The company provides photomasks for a range of semiconductor applications, including advanced logic, memory and other specialized devices. It also supplies photomasks used in flat-panel display manufacturing, supporting technologies such as liquid-crystal displays and other display formats.

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