Key Points
- Director Kang Jyh Lee sold 10,000 Photronics shares at an average price of $29.70, generating $297,000; his remaining stake was 354,850 shares.
- Photronics shares were down 1.8%, opening at $29.81. The company has a $1.76 billion market capitalization and trades at a P/E ratio of 10.50.
- Photronics exceeded quarterly expectations with $0.50 in EPS versus $0.40 forecast and $216.05 million in revenue; analysts maintain a “Moderate Buy” consensus with a $49.33 price target.
Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Kang Lee sold 10,000 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $29.70, for a total transaction of $297,000.00. Following the transaction, the director owned 354,850 shares of the company's stock, valued at approximately $10,539,045. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Photronics Trading Down 1.8%
PLAB stock opened at $29.81 on Friday. Photronics, Inc. has a 1-year low of $20.05 and a 1-year high of $56.00. The business's 50 day moving average is $30.08 and its 200-day moving average is $36.14. The firm has a market cap of $1.76 billion, a P/E ratio of 10.50 and a beta of 1.35.
Photronics (NASDAQ:PLAB - Get Free Report) last posted its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. The business had revenue of $216.05 million during the quarter, compared to the consensus estimate of $208.75 million. Photronics had a return on equity of 7.45% and a net margin of 19.05%.Photronics's revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Sell-side analysts forecast that Photronics, Inc. will post 1.85 EPS for the current year.
Analyst Ratings Changes
PLAB has been the subject of a number of analyst reports. Craig Hallum reissued a "buy" rating on shares of Photronics in a report on Friday, May 29th. Weiss Ratings upgraded shares of Photronics from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. Wall Street Zen upgraded shares of Photronics from a "hold" rating to a "buy" rating in a research report on Saturday, September 12th. Zacks Research raised shares of Photronics to a "hold" rating in a report on Friday, August 14th. Finally, Freedom Capital upgraded shares of Photronics to a "strong-buy" rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.33.
Get Our Latest Stock Report on PLAB
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Photronics in the 2nd quarter valued at about $308,586,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Photronics during the first quarter worth approximately $47,902,000. Janus Henderson Group PLC grew its stake in shares of Photronics by 32.5% during the first quarter. Janus Henderson Group PLC now owns 823,488 shares of the semiconductor company's stock valued at $33,289,000 after purchasing an additional 202,040 shares during the last quarter. Needham Investment Management LLC grew its stake in shares of Photronics by 2.0% during the fourth quarter. Needham Investment Management LLC now owns 775,000 shares of the semiconductor company's stock valued at $24,800,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Photronics during the second quarter valued at approximately $12,374,000. Institutional investors and hedge funds own 88.38% of the company's stock.
Photronics Company Profile
(
Get Free Report)
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.
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