Key Points
- Director Kang Jyh Lee sold 7,500 Photronics shares at an average price of $29.50, generating $221,250 and reducing his stake by 2.11% to 347,350 shares. He also sold 10,000 shares earlier in the week.
- Photronics reported quarterly EPS of $0.50, beating estimates by $0.10, while revenue reached $216.05 million, up 2.7% year over year and above analyst expectations.
- PLAB has a “Moderate Buy” consensus rating with a $49.33 average price target, despite shares trading around $30.50; institutional investors own 88.38% of the company.
Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Kang Lee sold 7,500 shares of the business's stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $29.50, for a total transaction of $221,250.00. Following the completion of the transaction, the director owned 347,350 shares in the company, valued at approximately $10,246,825. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Kang Jyh Lee also recently made the following trade(s):
- On Tuesday, September 22nd, Kang Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $29.70, for a total value of $297,000.00.
Photronics Trading Up 0.3%
PLAB stock opened at $30.50 on Tuesday. The stock has a 50-day moving average price of $30.14 and a 200-day moving average price of $36.09. Photronics, Inc. has a 1-year low of $20.05 and a 1-year high of $56.00. The firm has a market cap of $1.80 billion, a PE ratio of 10.74 and a beta of 1.35.
Photronics (NASDAQ:PLAB - Get Free Report) last announced its earnings results on Wednesday, August 26th. The semiconductor company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.40 by $0.10. Photronics had a return on equity of 7.45% and a net margin of 19.05%.The company had revenue of $216.05 million for the quarter, compared to analyst estimates of $208.75 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, analysts forecast that Photronics, Inc. will post 1.9 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on PLAB shares. Wall Street Zen downgraded shares of Photronics from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research raised shares of Photronics to a "hold" rating in a research note on Friday, August 14th. Freedom Capital upgraded shares of Photronics to a "strong-buy" rating in a report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of Photronics from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.33.
Read Our Latest Report on PLAB
Institutional Trading of Photronics
Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP bought a new position in shares of Photronics in the second quarter valued at approximately $26,000. First Horizon Corp purchased a new stake in Photronics in the 1st quarter valued at $33,000. Grove Bank & Trust purchased a new stake in Photronics in the 2nd quarter valued at $33,000. Integrated Wealth Concepts LLC bought a new position in Photronics during the 2nd quarter valued at $40,000. Finally, Public Employees Retirement System of Ohio bought a new position in Photronics during the 2nd quarter valued at $44,000. 88.38% of the stock is owned by hedge funds and other institutional investors.
About Photronics
(
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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