Former Photronics director sells $223,859 in stock

Walter M. Fiederowicz, a former director at Photronics Inc. (NASDAQ:PLAB), recently sold shares of the company worth a total of $223,859. The transactions were executed on April 15 and April 17. The sales come as the stock has declined about 25% over the past six months, according to InvestingPro data, though the company maintains strong fundamentals with a P/E ratio of 7.45 and healthy cash flows.

On April 15, Fiederowicz sold 7,548 shares at a weighted average price of $17.871 per share, with prices ranging from $17.800 to $17.985. Following this transaction, he retained ownership of 10,000 shares.

Subsequently, on April 17, he sold an additional 5,000 shares at a price of $17.7939 per share, reducing his holdings to 5,000 shares.

These transactions were reported in a Form 4 filing with the Securities and Exchange Commission.

In other recent news, Photronics Inc. reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.52, compared to the forecasted $0.46. The company’s revenue reached $212 million, slightly above the anticipated $210 million. Photronics also held its annual shareholder meeting, where all eight nominated board members were elected, and the 2025 Equity Incentive Compensation Plan was approved. Additionally, Deloitte & Touche LLP was ratified as the company’s independent registered public accounting firm for the fiscal year ending October 31, 2025. In a separate development, Adam Lewis (JO:LEWJ) was appointed as the Lead Independent (LON:IOG) Director by the independent members of the Board. Analyst feedback from firms like D.H. Davidson suggests cautious optimism for the remainder of 2025, citing macroeconomic uncertainties as potential challenges. Photronics provided guidance for the second quarter, expecting revenue between $208 million to $216 million and EPS between $0.44 and $0.50. The company remains focused on high-end integrated circuit segments and advancements in AMOLED display technology, despite a 5% sequential decline in revenue.

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