BROOKFIELD, Conn.—Walter M. Fiederowicz, a director at Photronics Inc. (NASDAQ:PLAB), recently sold 10,000 shares of the company’s common stock. The transaction, executed on January 3, 2025, was priced at $24.13 per share, bringing the total sale to $241,300.
Following this transaction, Fiederowicz holds 32,000 shares directly. The sale was reported in a filing with the Securities and Exchange Commission on January 7, 2025. InvestingPro subscribers can access additional insights about Photronics, including 7 more key tips and a comprehensive Pro Research Report, part of the platform's coverage of over 1,400 US stocks.
Photronics, based in Brookfield, Connecticut, operates in the semiconductor industry, specializing in photomask technology. The company maintains a healthy gross profit margin of 36.4% and has demonstrated strong profitability over the last twelve months.
In other recent news, Photronics, a global provider of photomask technologies, has appointed David Garcia to its Board of Directors, expanding the board's size to nine members. Garcia brings nearly three decades of legal expertise to the company, with his experience spanning mergers and acquisitions, venture capital financing, and securities offerings. Photronics' third-quarter earnings for 2024 revealed an EPS of $0.51, slightly below the anticipated $0.52, and a revenue of $211 million. Despite this minor miss, the company's financial stability was underscored by robust cash reserves, a low debt profile, and an expanded share repurchase program to $100 million. DA Davidson has increased Photronics' target to $35, citing a promising investment year outlook for 2025. The company's Q4 revenue guidance stands at $213-$221 million and a non-GAAP EPS range of $0.51-$0.54. Despite near-term challenges, analysts from DA Davidson maintain a long-term bullish perspective on Photronics' prospects.
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