Key Points
- COO Hsueh-Chun Wang sold 10,000 shares on April 1 at an average price of $42.08 for $420,800, trimming his stake by 6.07% to 154,685 shares valued at about $6.51 million.
- Photronics beat recent quarter estimates, reporting EPS of $0.61 versus $0.54 expected and revenue of $225.07M vs. $220.09M, and gave Q2 guidance of $0.490–$0.550 EPS.
- Analyst and institutional backdrop is supportive, with a MarketBeat consensus of "Moderate Buy" and an average price target of $46.33, while institutions hold roughly 88% of the shares.
Photronics, Inc. (NASDAQ:PLAB - Get Free Report) COO Hsueh-Chun Wang sold 10,000 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $42.08, for a total transaction of $420,800.00. Following the completion of the transaction, the chief operating officer owned 154,685 shares of the company's stock, valued at $6,509,144.80. This trade represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Photronics Price Performance
NASDAQ PLAB opened at $40.85 on Friday. The stock's 50-day simple moving average is $37.14 and its two-hundred day simple moving average is $30.60. Photronics, Inc. has a twelve month low of $16.46 and a twelve month high of $45.40. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 17.38 and a beta of 1.43.
Photronics (NASDAQ:PLAB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.07. The firm had revenue of $225.07 million during the quarter, compared to analysts' expectations of $220.09 million. Photronics had a return on equity of 7.88% and a net margin of 15.83%.The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, equities analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Photronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Weiss Ratings reissued a "hold (c+)" rating on shares of Photronics in a research note on Friday, March 27th. Zacks Research lowered shares of Photronics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 10th. DA Davidson upped their target price on Photronics from $30.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, December 11th. Finally, Lake Street Capital initiated coverage on Photronics in a research report on Friday, March 20th. They issued a "buy" rating and a $46.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.33.
Get Our Latest Stock Report on PLAB
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. LSV Asset Management boosted its stake in Photronics by 14.7% during the fourth quarter. LSV Asset Management now owns 2,883,463 shares of the semiconductor company's stock worth $92,271,000 after acquiring an additional 370,489 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Photronics by 4.6% during the third quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company's stock valued at $55,361,000 after purchasing an additional 106,069 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Photronics by 699.0% during the third quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company's stock valued at $52,914,000 after purchasing an additional 2,017,052 shares during the last quarter. Invesco Ltd. boosted its position in shares of Photronics by 395.9% in the 4th quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company's stock worth $49,164,000 after purchasing an additional 1,226,588 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Photronics by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,023,766 shares of the semiconductor company's stock worth $32,761,000 after buying an additional 33,573 shares during the last quarter. 88.38% of the stock is owned by hedge funds and other 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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