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Photronics, Inc. (NASDAQ:PLAB - Get Free Report) CAO Rui Zhang sold 4,556 shares of the firm's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $46.70, for a total value of $212,765.20. Following the completion of the sale, the chief accounting officer owned 27,079 shares of the company's stock, valued at approximately $1,264,589.30. This represents a 14.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Rui Zhang also recently made the following trade(s):
- On Wednesday, April 8th, Rui Zhang sold 1,752 shares of Photronics stock. The stock was sold at an average price of $43.50, for a total value of $76,212.00.
Photronics Stock Up 0.5%
Shares of PLAB opened at $49.54 on Wednesday. The company has a market cap of $2.92 billion, a PE ratio of 21.08 and a beta of 1.43. The business has a fifty day moving average of $39.45 and a 200 day moving average of $32.49. Photronics, Inc. has a 52-week low of $16.59 and a 52-week high of $50.75.
Photronics (NASDAQ:PLAB - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $225.07 million during the quarter, compared to the consensus estimate of $220.09 million. Photronics had a return on equity of 7.88% and a net margin of 15.83%.Photronics's revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. As a group, research analysts anticipate that Photronics, Inc. will post 2.35 earnings per share for the current fiscal year.
Institutional Trading of Photronics
Several institutional investors and hedge funds have recently made changes to their positions in PLAB. Torren Management LLC bought a new stake in shares of Photronics during the fourth quarter worth $26,000. Larson Financial Group LLC bought a new stake in shares of Photronics during the third quarter worth $28,000. Hantz Financial Services Inc. lifted its position in shares of Photronics by 673.4% during the third quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 1,293 shares during the last quarter. Quarry LP lifted its position in shares of Photronics by 569.8% during the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 1,151 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position 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 worth $45,000 after purchasing an additional 1,245 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
PLAB has been the subject of a number of analyst reports. Wall Street Zen upgraded Photronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Craig Hallum restated a "buy" rating and issued a $48.00 price target on shares of Photronics in a research report on Tuesday, March 3rd. Zacks Research upgraded Photronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 14th. Lake Street Capital initiated coverage on Photronics in a research report on Friday, March 20th. They issued a "buy" rating and a $46.00 price target for the company. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Photronics in a research report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Photronics has a consensus rating of "Buy" and a consensus price target of $46.33.
Read Our Latest Report on PLAB
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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