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Director Lee Kang Jyh of Photronics INC (NASDAQ:PLAB), a $1.14 billion market cap company with a "GREAT" financial health rating according to InvestingPro, sold 4,882 shares of common stock on June 20, 2025, at prices ranging from $18.330 to $18.390, for a total value of $89,589.
According to a Form 4 filing with the Securities and Exchange Commission, on the same day, Lee also exercised options to acquire 4,882 shares of Photronics INC common stock at an exercise price of $12.13, for a total value of $59,218. These options stemmed from a grant issued on January 4, 2016. The company’s strong balance sheet, with more cash than debt and excellent liquidity ratios, suggests solid financial positioning.
Following the sale, Lee Kang Jyh directly owns 532,100 shares of Photronics INC. InvestingPro analysis indicates the stock is currently undervalued, with 8 additional key insights available to subscribers through their comprehensive Pro Research Report.
In other recent news, Photronics Inc. reported its financial results for the second quarter of 2025, revealing a miss on earnings expectations. The company announced an earnings per share (EPS) of $0.40, falling short of the anticipated $0.48. Revenue for the quarter was reported at $211 million, slightly below the expected $212 million, marking a 3% decline year-over-year. Alongside these financial results, Photronics announced a strategic expansion in the U.S. to support semiconductor reshoring, reflecting its focus on high-end and advanced node technologies.
In related developments, DA Davidson analyst Thomas Diffely adjusted the price target for Photronics shares to $30.00 from a previous target of $35.00, although the firm maintained a Buy rating on the stock. This adjustment reflects a recalibration in light of recent events, including the departure of the CEO after a three-year tenure. Despite the challenges, DA Davidson expressed confidence in Photronics’ ability to navigate industry headwinds and manage the executive transition smoothly.
The company provided guidance for the third quarter of 2025, projecting revenue between $200 million and $208 million and EPS of $0.35 to $0.41. Photronics emphasized a cautious outlook due to macroeconomic uncertainties and tariff dynamics. The company also highlighted its ongoing efforts to leverage its geographic footprint as a strategic asset, with plans to expand U.S. capacity aligning with the reshoring of semiconductor production.
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