Photronics, Inc. (NASDAQ:PLAB – Get Free Report) SVP Han Park sold 9,500 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $30.37, for a total value of $288,515.00. Following the completion of the sale, the senior vice president owned 66,000 shares in the company, valued at approximately $2,004,420. This represents a 12.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Photronics Trading Up 1.9%
NASDAQ PLAB traded up $0.57 on Tuesday, hitting $31.07. 712,306 shares of the company’s stock traded hands, compared to its average volume of 942,782. The firm’s 50-day moving average price is $30.14 and its two-hundred day moving average price is $36.06. The firm has a market capitalization of $1.83 billion, a PE ratio of 10.94 and a beta of 1.35. 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 issued its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $0.50 earnings per share (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 business had revenue of $216.05 million during the quarter, compared to analysts’ expectations of $208.75 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Photronics has set its Q4 2026 guidance at 0.400-0.560 EPS. On average, research analysts anticipate that Photronics, Inc. will post 1.9 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLAB. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Photronics during the 1st quarter worth approximately $47,902,000. Bank of America Corp DE acquired a new stake in shares of Photronics in the second quarter valued at $7,072,000. BlackRock Inc. acquired a new position in shares of Photronics during the second quarter worth about $308,586,000. Engineers Gate Manager LP purchased a new stake in shares of Photronics during the second quarter worth approximately $1,288,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Photronics in the first quarter valued at approximately $3,935,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on PLAB shares. Wall Street Zen downgraded Photronics from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. Freedom Capital upgraded shares of Photronics to a “strong-buy” rating in a research report on Thursday, July 2nd. Finally, Zacks Research raised shares of Photronics to a “hold” rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Photronics has a consensus rating of “Moderate Buy” and an average target price of $49.33.
Get Our Latest Stock Analysis on Photronics
About Photronics
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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