Photronics (NASDAQ:PLAB) Director Mitchell Tyson Sells 5,000 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) Director Mitchell Tyson sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $36.17, for a total transaction 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. This represents a 9.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Photronics Price Performance

Photronics stock traded down $2.39 during midday trading on Tuesday, reaching $34.36. The company had a trading volume of 1,894,026 shares, compared to its average volume of 775,029. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $39.80. The company has a market capitalization of $2.03 billion, a P/E ratio of 15.00 and a beta of 1.54. The firm’s fifty day simple moving average is $24.39 and its 200-day simple moving average is $22.10.

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

Analyst Ratings Changes

PLAB has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Photronics in a report on Monday. Craig Hallum increased their target price on shares of 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 shares of Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. Wall Street Zen raised shares of Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, DA Davidson increased their price objective on shares of Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Photronics has a consensus rating of “Moderate Buy” and an average price target of $43.50.

Hedge Funds Weigh In On Photronics

A number of institutional investors have recently bought and sold shares of PLAB. Franklin Resources Inc. boosted its holdings in Photronics by 0.9% in the 3rd 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 increased its holdings in shares of Photronics by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,322 shares of the semiconductor company’s stock worth $590,000 after buying an additional 782 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Photronics by 6.8% during 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of 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 valued at $307,000 after buying an additional 1,162 shares during the period. Finally, Larson Financial Group LLC acquired a new position in Photronics in the third quarter valued at approximately $28,000. 88.38% of the stock is owned by hedge funds and other institutional investors.

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.