Insider Selling: Photronics (NASDAQ:PLAB) Director Sells 5,000 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) Director Mitchell Tyson sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $36.17, for a total value of $180,850.00. Following the sale, the director directly owned 46,927 shares of the company’s stock, valued at $1,697,349.59. The trade was a 9.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Photronics Trading Down 6.5%

NASDAQ PLAB traded down $2.39 during trading hours on Tuesday, reaching $34.36. The company had a trading volume of 1,894,026 shares, compared to its average volume of 775,029. The stock has a 50-day moving average of $24.39 and a 200 day moving average of $22.10. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $39.80. The stock has a market capitalization of $2.03 billion, a P/E ratio of 15.00 and a beta of 1.54.

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

Hedge Funds Weigh In On Photronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its stake in Photronics by 0.9% in the third quarter. Franklin Resources Inc. now owns 60,900 shares of the semiconductor company’s stock valued at $1,398,000 after purchasing an additional 570 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Photronics by 2.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 31,322 shares of the semiconductor company’s stock valued at $590,000 after buying an additional 782 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Photronics by 6.8% in the 2nd quarter. Quantinno Capital Management LP now owns 14,847 shares of the semiconductor company’s stock valued at $280,000 after buying an additional 945 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Photronics by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,319 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 1,162 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new stake in Photronics during the 3rd quarter worth $28,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Craig Hallum boosted their target price on Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Singular Research raised Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Wall Street Zen upgraded Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Zacks Research cut Photronics from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, DA Davidson lifted 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 issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Photronics has an average rating of “Moderate Buy” and an average target price of $43.50.

Photronics Company Profile

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.