Photronics, Inc. SVP Han Kyung Park Sells 11,250 Shares

On December 24th, Han Kyung Park, Senior Vice President of Photronics, Inc. (NASDAQ:PLAB), executed a sale of 11,250 shares of the company’s stock. The shares were sold at an average price of $23.80 each, resulting in a total transaction value of $267,750. Following this sale, Park's total ownership in the company is now 102,500 shares, which are worth approximately $2,439,500. This transaction represents a 9.89% decrease in Park’s position within the company. Details of the sale were filed with the Securities and Exchange Commission (SEC) and can be viewed on the SEC's website.

Photronics Stock Performance

The stock for Photronics opened at $23.92 on the following Friday. The company has experienced a 52-week trading range with a low of $20.25 and a high of $34.16. Currently, Photronics displays a 50-day moving average price of $24.62, while the 200-day moving average stands at $24.42. With a market capitalization of $1.51 billion, Photronics carries a price-to-earnings (PE) ratio of 11.44 and a beta value of 1.41.

Recent Earnings Report

Photronics recently reported its quarterly earnings on December 11th, with earnings per share (EPS) amounting to $0.59, which surpassed analysts’ consensus estimates of $0.52 by $0.07. The revenues for the quarter reached $222.60 million, exceeding the consensus estimate of $218.00 million. The company reported a return on equity of 9.10% and a net margin of 15.07%, though its quarterly revenue decreased by 2.2% year-over-year. Last year during the same period, Photronics recorded $0.60 EPS. Analysts forecast that Photronics will achieve an EPS of 2.3 for the current fiscal year.

Institutional Investors and Their Holdings

Recently, several institutional investors have adjusted their holdings in Photronics. Pacer Advisors Inc. increased its stake by 17.2% in the second quarter, now owning 2,482,856 shares valued at $61,252,000 after acquiring an additional 364,150 shares. LSV Asset Management raised its holdings by 16.0%, owning 1,990,046 shares worth $49,094,000 after a purchase of 275,082 shares. Likewise, American Century Companies Inc. upped its stake by 12.8%, and Victory Capital Management Inc. grew its shareholding by 20.8%. Overall, institutional investors now control 88.38% of Photronics' stock.Photronics, SVP, Shares