Key Points
- Director Kang Jyh Lee sold 10,000 Photronics shares at an average price of $30.75, generating $307,500 and reducing his direct holdings by 2.88% to 337,350 shares. He also sold 17,500 shares in two earlier September transactions.
- Photronics reported quarterly EPS of $0.50, beating the $0.40 analyst consensus, while revenue reached $216.05 million, up 2.7% year over year and above expectations.
- Shares opened at $30.83, with the company valued at approximately $1.82 billion. Analysts maintain a “Moderate Buy” consensus and an average price target of $49.33, while institutional investors own 88.38% of the stock.
Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Kang Lee sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $30.75, for a total value of $307,500.00. Following the completion of the transaction, the director directly owned 337,350 shares of the company's stock, valued at approximately $10,373,512.50. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Kang Jyh Lee also recently made the following trade(s):
- On Thursday, September 24th, Kang Lee sold 7,500 shares of Photronics stock. The stock was sold at an average price of $29.50, for a total transaction of $221,250.00.
- 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 transaction of $297,000.00.
Photronics Trading Up 0.2%
Shares of Photronics stock opened at $30.83 on Friday. The company has a market cap of $1.82 billion, a PE ratio of 10.86 and a beta of 1.32. The company has a 50 day moving average of $30.12 and a 200-day moving average of $36.03. Photronics, Inc. has a 1-year low of $20.05 and a 1-year high of $56.00.
Photronics (NASDAQ:PLAB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.10. Photronics had a net margin of 19.05% and a return on equity of 7.45%. The business had revenue of $216.05 million for the quarter, compared to analysts' expectations of $208.75 million. During the same period last year, the firm posted $0.51 earnings per share. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. Research analysts forecast that Photronics, Inc. will post 1.9 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in Photronics during the 2nd quarter worth approximately $26,000. First Horizon Corp bought a new position in shares of Photronics during the first quarter valued at $33,000. Grove Bank & Trust bought a new position in shares of Photronics during the second quarter valued at $33,000. Integrated Wealth Concepts LLC acquired a new position in shares of Photronics during the second quarter worth $40,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Photronics during the second quarter worth $44,000. Institutional investors own 88.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on PLAB. Zacks Research raised Photronics to a "hold" rating in a report on Friday, August 14th. Weiss Ratings raised Photronics from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 22nd. Wall Street Zen lowered Photronics from a "buy" rating to a "hold" rating in a research note on Saturday, September 26th. Finally, Freedom Capital upgraded 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 assigned a Hold rating to the company. Based on data from MarketBeat, Photronics presently has an average rating of "Moderate Buy" and an average price target of $49.33.
Get Our Latest Report on PLAB
Photronics Company Profile
(
Get Free Report)
Photronics, Inc (NASDAQ: PLAB) is a manufacturer of photomasks, precision quartz and glass plates used to transfer circuit patterns onto semiconductor wafers and display panels during the manufacturing process. Its products are essential to the production of integrated circuits and flat-panel displays.
The company provides photomasks for a range of semiconductor applications, including advanced logic, memory and other specialized devices. It also supplies photomasks used in flat-panel display manufacturing, supporting technologies such as liquid-crystal displays and other display formats.
Further Reading
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