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

Photronics, Inc. (NASDAQ:PLAB) Director Mitchell Tyson sold 5,000 shares of Photronics stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $25.04, for a total transaction of $125,200.00. Following the sale, the director owned 51,927 shares of the company’s stock, valued at approximately $1,300,252.08. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Photronics Trading Down 9.0%

Shares of NASDAQ PLAB opened at $21.82 on Friday. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $31.60. The company has a 50 day simple moving average of $22.49 and a two-hundred day simple moving average of $20.26. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 12.40 and a beta of 1.54.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, August 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. The company had revenue of $210.39 million during the quarter, compared to the consensus estimate of $204.30 million. Photronics had a net margin of 12.67% and a return on equity of 8.19%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Photronics has set its Q4 2025 guidance at 0.420-0.480 EPS. Analysts forecast that Photronics, Inc. will post 2.3 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in Photronics by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,012,744 shares of the semiconductor company’s stock worth $21,025,000 after acquiring an additional 5,162 shares during the period. GAMMA Investing LLC raised its position in shares of Photronics by 1,761.0% during the 1st quarter. GAMMA Investing LLC now owns 64,169 shares of the semiconductor company’s stock worth $1,332,000 after purchasing an additional 60,721 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Photronics by 22.9% during the 1st quarter. SG Americas Securities LLC now owns 28,982 shares of the semiconductor company’s stock worth $602,000 after purchasing an additional 5,391 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Photronics by 50.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 57,417 shares of the semiconductor company’s stock worth $1,192,000 after purchasing an additional 19,375 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Photronics by 0.7% during the 1st 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 during the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PLAB. Wall Street Zen raised Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Photronics in a research note on Wednesday. Finally, Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $31.00.

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.