Photronics director Walter M. Fiederowicz sells $240,100 in inventory

BROOKFIELD, CT—Walter M. Fiederowicz, a director at Photronics Inc. (NASDAQ:PLAB), reported the sale of 10,000 shares of the corporate’s frequent inventory, based on a latest submitting with the Securities and Change Fee. The transaction, which passed off on December 24, 2024, was executed at a value of $24.01 per share, totaling roughly $240,100. The sale comes as Photronics maintains a powerful monetary place, with InvestingPro knowledge displaying the corporate holds more money than debt and boasts a wholesome present ratio of 5.07x.

Following this transaction, Fiederowicz holds 50,000 shares of Photronics. Moreover, on December 26, 2024, Fiederowicz disposed of 8,000 shares by means of a transaction labeled in a different way, at a value of $24.27 per share, amounting to $194,160. This leaves him with a remaining steadiness of 42,000 shares owned instantly. In response to InvestingPro evaluation, the inventory presently trades at a P/E ratio of 11.28x, with analysts setting a unanimous goal value of $35, suggesting potential upside from present ranges.

Photronics Inc., primarily based in Brookfield, Connecticut, operates within the semiconductors and associated units sector. The corporate has demonstrated robust profitability with a gross margin of 36.4% and maintains a superb total monetary well being rating based on InvestingPro metrics.

In different latest information, Photronics Inc. has made important developments in its board and monetary outlook. The corporate has appointed David Garcia to its Board of Administrators, increasing the board’s measurement to 9 members. Garcia brings a wealth of authorized experience from his 30-year profession, together with expertise in technology-related transactions, mergers, and acquisitions.

Photronics Inc. reported its third-quarter earnings for 2024, revealing an earnings per share (EPS) of $0.51, barely beneath the anticipated $0.52, and a income of $211 million. The corporate’s monetary stability was underscored by strong money reserves, low debt profile, and a share repurchase program growth to $100 million. DA Davidson has raised its goal for Photronics to $35, sustaining a long-term bullish perspective on the corporate’s prospects.

These are latest developments, and regardless of near-term challenges in varied finish markets, analysts from DA Davidson recommend that Photronics’ strategic strikes will contribute to its long-term success. The corporate can also be exploring strategic growth choices within the U.S., Europe, and Asia, demonstrating confidence within the long-term prospects of the photomask market, pushed by developments in AI and cell computing.

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