Key Points
- Director Kang Jyh Lee sold 10,000 shares on March 19 at an average price of $35.80 for $358,000, trimming his holding to 400,850 shares (a 2.43% reduction, ~\$14.35M value).
- The March sale continues a string of recent insider disposals (multiple 10,000-share sales in January and an 8,750-share sale), signaling sustained insider selling activity.
- Photronics beat expectations with $0.61 EPS vs. $0.54 and revenue of $225.07M vs. $220.09M, gave Q2 guidance of $0.490–$0.550, the stock jumped (opened at $42.52, up ~8.3%), and the consensus analyst target is about $46.33.
Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Kang Jyh Lee sold 10,000 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $35.80, for a total value of $358,000.00. Following the transaction, the director owned 400,850 shares in the company, valued at approximately $14,350,430. This trade represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Kang Jyh Lee also recently made the following trade(s):
- On Thursday, January 15th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $34.13, for a total value of $341,300.00.
- On Monday, January 12th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $33.05, for a total transaction of $330,500.00.
- On Wednesday, January 7th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $34.83, for a total value of $348,300.00.
- On Monday, January 5th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $33.90, for a total value of $339,000.00.
- On Friday, January 2nd, Kang Jyh Lee sold 8,750 shares of Photronics stock. The stock was sold at an average price of $33.54, for a total value of $293,475.00.
Photronics Stock Up 8.3%
Shares of PLAB opened at $42.52 on Wednesday. The stock has a market cap of $2.51 billion, a PE ratio of 18.09 and a beta of 1.50. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $45.40. The business has a 50-day simple moving average of $36.21 and a two-hundred day simple moving average of $29.71.
Photronics (NASDAQ:PLAB - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.07. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The company had revenue of $225.07 million for the quarter, compared to analysts' expectations of $220.09 million. During the same period in the previous year, the business posted $0.52 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, equities research analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on PLAB. Zacks Research cut shares of Photronics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Photronics in a research note on Monday, December 29th. Lake Street Capital initiated coverage on Photronics in a report on Friday, March 20th. They set a "buy" rating and a $46.00 target price on the stock. Wall Street Zen raised Photronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 14th. Finally, DA Davidson lifted their price objective on Photronics from $30.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.33.
Get Our Latest Report on Photronics
Institutional Investors Weigh In On Photronics
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Torren Management LLC bought a new position in shares of Photronics during the 4th quarter worth about $26,000. Larson Financial Group LLC bought a new position in Photronics in the third quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its holdings in Photronics by 673.4% in the third quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 1,293 shares in the last quarter. Quarry LP grew its stake in Photronics by 569.8% in the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 1,151 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in shares of Photronics by 723.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 1,245 shares in the last quarter. 88.38% of the stock is owned by institutional investors.
About Photronics
(
Get Free Report)
Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.
Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.
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