Kang Jyh Lee Sells 20,000 Shares of Photronics (NASDAQ:PLAB) Stock

Photronics, Inc. (NASDAQ:PLAB) Director Kang Jyh Lee sold 20,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $36.45, for a total transaction of $729,000.00. Following the completion of the sale, the director owned 493,350 shares in the company, valued at $17,982,607.50. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Kang Jyh Lee also recently made the following trade(s):

• On Friday, December 12th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The stock was sold at an average price of $38.53, for a total transaction of $770,600.00.
• On Monday, October 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $25.33, for a total value of $253,300.00.

Photronics Price Performance

Shares of NASDAQ PLAB opened at $32.96 on Thursday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 14.39 and a beta of 1.54. The business has a 50-day moving average of $24.58 and a two-hundred day moving average of $22.17. Photronics, Inc. has a 1 year low of $16.46 and a 1 year high of $39.80.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. The business had revenue of $215.77 million for the quarter, compared to the consensus estimate of $204.54 million. Photronics had a return on equity of 7.87% and a net margin of 16.06%.The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. As a group, equities research analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PLAB. Vanguard Group Inc. raised its holdings in shares of Photronics by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company’s stock valued at $122,634,000 after buying an additional 38,330 shares during the last quarter. LSV Asset Management grew its holdings in shares of Photronics by 17.2% during the second quarter. LSV Asset Management now owns 2,607,874 shares of the semiconductor company’s stock worth $49,106,000 after buying an additional 383,355 shares during the last quarter. American Century Companies Inc. increased its position in Photronics by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 2,412,245 shares of the semiconductor company’s stock valued at $55,361,000 after acquiring an additional 106,069 shares during the period. Victory Capital Management Inc. raised its stake in Photronics by 699.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,305,610 shares of the semiconductor company’s stock valued at $52,914,000 after acquiring an additional 2,017,052 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Photronics by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,888,042 shares of the semiconductor company’s stock worth $35,555,000 after acquiring an additional 26,507 shares during the period. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLAB has been the subject of several recent analyst reports. Craig Hallum boosted their price objective on shares of Photronics from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research report on Monday. Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Zacks Research cut Photronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, DA Davidson upped their target price on Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Photronics has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.