BROOKFIELD, CT – Park Han Kyung, Senior Vice President and Common Supervisor of FPD Operations at Photronics Inc. (NASDAQ:PLAB), not too long ago bought 11,250 shares of the corporate’s widespread inventory. The semiconductor producer, at present valued at $1.51 billion, maintains a sturdy monetary well being rating of “GREAT” in response to InvestingPro evaluation. The transaction, which came about on December 24, was executed at a worth of $23.80 per share, amounting to a complete worth of $267,750.
Following this transaction, Park Han Kyung retains possession of 102,500 shares in Photronics. The sale was disclosed in a submitting with the Securities and Alternate Fee, which was made obtainable to the general public on December 27. Photronics, a pacesetter within the semiconductor business, continues to be a key participant within the manufacturing of photomasks.
In different current information, Photronics, Inc. has made notable strides in its operations. The corporate has expanded its board with the addition of David Garcia, a authorized knowledgeable with a wealth of expertise in mergers and acquisitions, enterprise capital financing, and securities choices. This transfer is anticipated to assist Photronics in exploring varied enterprise improvement alternatives.
Within the monetary sphere, Photronics reported third-quarter earnings for 2024 with an EPS of $0.51, barely beneath the projected $0.52, and a income of $211 million. The corporate’s monetary stability was emphasised by strong money reserves and a low debt profile. Photronics additionally expanded its share repurchase program to $100 million. For the fourth quarter, the corporate supplied income steering of $213-$221 million and a non-GAAP EPS vary of $0.51-$0.54.
These current developments have caught the eye of analysts. The agency DA Davidson has raised its goal for Photronics to $35 because of a promising funding 12 months outlook for 2025. Regardless of acknowledging near-term challenges, analysts preserve a long-term bullish perspective on the corporate’s prospects. Photronics can be eyeing strategic enlargement choices within the U.S., Europe, and Asia, indicating confidence within the long-term prospects of the photomask market.
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