Insider Selling: Photronics (NASDAQ:PLAB) EVP Sells 25,000 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) EVP Christopher Progler sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $35.78, for a total transaction of $894,500.00. Following the sale, the executive vice president owned 165,591 shares of the company’s stock, valued at $5,924,845.98. This represents a 13.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Photronics Trading Down 6.5%

Photronics stock traded down $2.39 during midday trading on Tuesday, reaching $34.36. 1,894,026 shares of the stock traded hands, compared to its average volume of 1,871,182. The company has a 50-day simple moving average of $24.39 and a two-hundred day simple moving average of $22.10. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $39.80. The firm has a market cap of $2.03 billion, a PE ratio of 15.00 and a beta of 1.54.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 worth $122,634,000 after purchasing an additional 38,330 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Photronics by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,012,744 shares of the semiconductor company’s stock valued at $21,025,000 after buying an additional 5,162 shares during the period. Invesco Ltd. raised its position in shares of Photronics by 12.1% during the 1st quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock worth $26,131,000 after buying an additional 135,859 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Photronics in the 1st quarter worth approximately $3,462,000. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Photronics by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 200,835 shares of the semiconductor company’s stock valued at $4,169,000 after acquiring an additional 43,029 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Analyst Upgrades and Downgrades

PLAB has been the topic of a number of research reports. Wall Street Zen upgraded Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a report on Monday. 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 note on Thursday, December 11th. Zacks Research lowered shares of Photronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Singular Research upgraded shares of Photronics to a “strong-buy” rating in a report on Thursday, September 4th. One equities research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.