Photronics (NASDAQ:PLAB) COO Hsueh-Chun Wang Sells 10,000 Shares
by Tristan Rich · The Markets DailyPhotronics, Inc. (NASDAQ:PLAB – Get Free Report) COO Hsueh-Chun Wang sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $42.69, for a total value of $426,900.00. Following the completion of the transaction, the chief operating officer owned 144,685 shares of the company’s stock, valued at approximately $6,176,602.65. This represents a 6.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Hsueh-Chun Wang also recently made the following trade(s):
- On Wednesday, April 1st, Hsueh-Chun Wang sold 10,000 shares of Photronics stock. The shares were sold at an average price of $42.08, for a total transaction of $420,800.00.
Photronics Stock Up 0.9%
Shares of PLAB traded up $0.42 during mid-day trading on Friday, reaching $44.90. 1,014,154 shares of the stock traded hands, compared to its average volume of 1,120,979. The stock has a fifty day simple moving average of $37.68 and a 200 day simple moving average of $31.10. Photronics, Inc. has a 12-month low of $16.59 and a 12-month high of $45.92. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 19.11 and a beta of 1.43.
Photronics (NASDAQ:PLAB – Get Free Report) last announced its earnings results on Wednesday, February 25th. The semiconductor company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.07. Photronics had a net margin of 15.83% and a return on equity of 7.88%. The business had revenue of $225.07 million during the quarter, compared to the consensus estimate of $220.09 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. On average, equities research analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.
Institutional Trading of Photronics
Several institutional investors and hedge funds have recently bought and sold shares of the company. Torren Management LLC acquired a new position in shares of Photronics in the 4th quarter worth approximately $26,000. Larson Financial Group LLC acquired a new stake in shares of Photronics during the 3rd quarter valued at approximately $28,000. Quarry LP raised its position in shares of Photronics by 569.8% during the 4th quarter. Quarry LP now owns 1,353 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 1,151 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Photronics by 723.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Photronics by 673.4% in the third quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,293 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.
Analyst Upgrades and Downgrades
PLAB has been the topic of a number of analyst reports. DA Davidson lifted their target price on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Wall Street Zen raised Photronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 14th. Zacks Research downgraded Photronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research report on Friday, March 27th. Finally, Lake Street Capital began coverage on Photronics in a research note on Friday, March 20th. They set a “buy” rating and a $46.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.33.
Read Our Latest Research Report on Photronics
Photronics Company Profile
Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.
Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.