Photronics (NASDAQ:PLAB) Stock: Insider Kang Jyh Lee Sells 10,000 Shares

Photronics, Inc. (NASDAQ:PLAB) Director Kang Lee sold 10,000 shares of Photronics stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $29.70, for a total transaction of $297,000.00. Following the completion of the transaction, the director owned 354,850 shares in the company, valued at approximately $10,539,045. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Photronics Price Performance

Shares of NASDAQ:PLAB traded down $0.54 on Thursday, reaching $29.81. The company’s stock had a trading volume of 575,041 shares, compared to its average volume of 1,580,589. Photronics, Inc. has a 52-week low of $20.05 and a 52-week high of $56.00. The stock has a market capitalization of $1.76 billion, a P/E ratio of 10.50 and a beta of 1.35. The stock’s 50-day moving average is $30.08 and its two-hundred day moving average is $36.14.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. The firm had revenue of $216.05 million for the quarter, compared to analysts’ expectations of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Equities analysts forecast that Photronics, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Photronics

Several institutional investors have recently made changes to their positions in PLAB. BlackRock Inc. acquired a new position in shares of Photronics during the 2nd quarter worth $308,586,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Photronics during the first quarter worth about $47,902,000. Janus Henderson Group PLC grew its position in Photronics by 32.5% during the first quarter. Janus Henderson Group PLC now owns 823,488 shares of the semiconductor company’s stock worth $33,289,000 after buying an additional 202,040 shares during the period. Needham Investment Management LLC grew its position in Photronics by 2.0% during the fourth quarter. Needham Investment Management LLC now owns 775,000 shares of the semiconductor company’s stock worth $24,800,000 after buying an additional 15,000 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Photronics in the second quarter valued at about $12,374,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PLAB. Craig Hallum reaffirmed a “buy” rating on shares of Photronics in a report on Friday, May 29th. Freedom Capital upgraded shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Weiss Ratings upgraded shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Zacks Research upgraded shares of Photronics to a “hold” rating in a research note on Friday, August 14th. Finally, Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.33.

About Photronics

Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision photographic plates used in the semiconductor and flat-panel display manufacturing processes. Photomasks transfer circuit patterns onto silicon wafers and display substrates, making them an important component in the production of integrated circuits, memory devices, flat-panel displays and other electronic products.

The company provides photomasks for a range of semiconductor applications, including advanced logic, foundry and memory devices.