Insider Selling: Photronics (NASDAQ:PLAB) SVP Sells $288,515.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) SVP Han Park sold 9,500 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $30.37, for a total transaction of $288,515.00. Following the sale, the senior vice president owned 66,000 shares of the company’s stock, valued at approximately $2,004,420. This represents a 12.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Photronics Stock Performance

PLAB traded up $0.57 during trading on Tuesday, hitting $31.07. The stock had a trading volume of 712,306 shares, compared to its average volume of 942,782. The firm has a market capitalization of $1.83 billion, a P/E ratio of 10.94 and a beta of 1.35. Photronics, Inc. has a twelve month low of $20.05 and a twelve month high of $56.00. The company’s 50-day moving average price is $30.14 and its 200 day moving average price is $36.06.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new position in Photronics in the 1st quarter worth approximately $47,902,000. Bank of America Corp DE acquired a new position in shares of Photronics in the 2nd quarter valued at about $7,072,000. BlackRock Inc. bought a new position in Photronics in the second quarter worth about $308,586,000. Engineers Gate Manager LP acquired a new stake in shares of Photronics during the 2nd quarter worth approximately $1,288,000. Finally, Decker Retirement Planning Inc. bought a new position in Photronics during the 1st quarter worth $3,935,000. 88.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLAB has been the subject of a number of recent research reports. Zacks Research raised shares of Photronics to a “hold” rating in a research note on Friday, August 14th. Wall Street Zen downgraded Photronics from a “buy” rating to a “hold” rating in a research report on Saturday. Freedom Capital raised Photronics to a “strong-buy” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. One research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.33.

Photronics Company Profile

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.