Key Points
- Kang Jyh Lee, a Photronics director, sold 20,000 shares on December 15 at an average price of $36.45 for about $729,000, leaving him with 493,350 shares (a ~3.9% reduction in his ownership).
- Lee also disposed of 20,000 shares on December 12 at $38.53 (~$770,600) and 10,000 shares on October 6 at $25.33 (~$253,300), indicating multiple insider sales this quarter.
- Photronics beat Q4 expectations with $0.60 EPS (vs. $0.47 est.) and $215.77M revenue, gave Q1 2026 EPS guidance of $0.510–$0.590, yet the stock is down ~6.5% and holds a consensus "Moderate Buy" with a $43.50 price target.
Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Mitchell Tyson sold 5,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $36.17, for a total transaction of $180,850.00. Following the completion of the transaction, the director directly owned 46,927 shares in the company, valued at $1,697,349.59. This trade represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Photronics Price Performance
Shares of NASDAQ:PLAB opened at $34.36 on Wednesday. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $39.80. The firm has a market capitalization of $2.03 billion, a P/E ratio of 15.00 and a beta of 1.54. The company's fifty day moving average price is $24.39 and its 200 day moving average price is $22.10.
Photronics (NASDAQ:PLAB - Get Free Report) last issued its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.13. Photronics had a return on equity of 7.87% and a net margin of 16.06%.The company had revenue of $215.77 million for the quarter, compared to analyst estimates of $204.54 million. During the same quarter last year, the company posted $0.59 earnings per share. The business's quarterly revenue was down 3.1% compared to the same quarter last year. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. On average, sell-side analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised 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 purchasing an additional 38,330 shares during the last quarter. LSV Asset Management grew its position in Photronics by 17.2% in the 2nd quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company's stock valued at $49,106,000 after buying an additional 383,355 shares during the last quarter. American Century Companies Inc. increased its stake in Photronics by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company's stock valued at $55,361,000 after buying an additional 106,069 shares during the period. Victory Capital Management Inc. raised its position 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 worth $52,914,000 after buying an additional 2,017,052 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Photronics by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,888,042 shares of the semiconductor company's stock worth $35,555,000 after buying an additional 26,507 shares during the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PLAB has been the topic of a number of research reports. Singular Research upgraded Photronics to a "strong-buy" rating in a research note on Thursday, September 4th. Zacks Research downgraded Photronics from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 13th. Wall Street Zen upgraded shares of Photronics from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Photronics in a research report on Monday. Finally, Craig Hallum increased their price target on shares of Photronics from $36.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, December 11th. One 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 company's stock. Based on data from MarketBeat, Photronics has an average rating of "Moderate Buy" and a consensus target price of $43.50.
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Photronics Company Profile
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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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