Photronics director Lewis sells $476,172 value of shares

This transfer comes as a part of routine monetary administration and doesn’t essentially point out any change within the firm’s prospects or efficiency. Photronics (NASDAQ:PLAB) continues to function from its headquarters in Brookfield, Connecticut, with its subsequent earnings report scheduled for February 19, 2025.

Following the sale, Lewis (JO:LEWJ) retains possession of twenty-two,250 shares in Photronics, an organization identified for its involvement within the semiconductor business. The transaction was executed in a number of trades, and the reported value displays the weighted common sale value. With a market capitalization of $1.51 billion and sturdy stability sheet displaying additional cash than debt, Photronics maintains a strong monetary place. In line with InvestingPro, traders can entry detailed evaluation and extra insights by the great Professional Analysis Report, obtainable for this and 1,400+ different US shares.

This transfer comes as a part of routine monetary administration and doesn’t essentially point out any change within the firm’s prospects or efficiency. Photronics continues to function from its headquarters in Brookfield, Connecticut, with its subsequent earnings report scheduled for February 19, 2025.

In different latest information, Photronics Inc. has made vital developments. The corporate introduced the appointment of David Garcia to its Board of Administrators, increasing the board’s dimension to 9 members. Garcia brings 30 years of authorized experience, with expertise in mergers and acquisitions, enterprise capital financing, and securities choices. This transfer is predicted to assist Photronics in exploring varied enterprise growth alternatives.

In monetary information, Photronics reported third-quarter earnings for 2024 with an EPS of $0.51, barely under the projected $0.52, and income of $211 million. The corporate stays financially sturdy, supported by robust money reserves and a low debt profile. Photronics additionally expanded its share repurchase program to $100 million, indicating its monetary stability.

Analysts from DA Davidson have maintained a long-term bullish perspective on Photronics. They raised the corporate’s goal to $35, anticipating 2025 to be a big funding 12 months. Regardless of acknowledging near-term challenges in varied markets and geopolitical uncertainties, DA Davidson believes the corporate’s strategic strikes will contribute to its long-term success.

Photronics has additionally offered This autumn income steering of $213-$221 million and a non-GAAP EPS vary of $0.51-$0.54. The corporate is eager on increasing its IC capability and exploring strategic growth choices within the U.S., Europe, and Asia, demonstrating confidence within the long-term prospects of the photomask market. These are latest developments that traders ought to pay attention to.

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