Lee Kang Jyh (PHOTRONICS) sells $517k in shares

Director Lee Kang Jyh of PHOTRONICS INC (NASDAQ:PLAB), a semiconductor equipment manufacturer with a market capitalization of $1.1 billion and strong financial health according to InvestingPro, sold 28,118 shares of common stock on June 18, 2025, for a total of $517,343. The shares were sold in multiple transactions at prices ranging from $18.30 to $18.53.

On the same day, Lee also exercised options to acquire 28,118 shares of PHOTRONICS INC common stock at an exercise price of $12.13, for a total value of $341,071. The company trades at an attractive P/E ratio of 9.4x, with analysts maintaining a Strong Buy consensus.

Following these transactions, Lee directly owns 532,100 shares of PHOTRONICS INC. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional key insights available to subscribers through their comprehensive Pro Research Report.

In other recent news, Photronics has reported its financial results for the second quarter of 2025, revealing a miss on earnings expectations. The company posted an earnings per share (EPS) of $0.40, falling short of the forecasted $0.48, while revenue reached $211 million, slightly below the anticipated $212 million. These results indicate a 3% decline in revenue year-over-year. In response to these developments, DA Davidson analyst Thomas Diffely adjusted the price target for Photronics shares from $35.00 to $30.00, though the firm maintained a Buy rating. Photronics also announced a strategic expansion in the U.S. to support semiconductor reshoring, reflecting its focus on high-end and advanced node technologies. The company is navigating through industry headwinds, including weak demand in mainstream semiconductor segments and macroeconomic uncertainties. Despite these challenges, DA Davidson expressed confidence in the company’s ability to manage its recent CEO transition and anticipated that the current industry challenges would diminish in subsequent quarters. Photronics provided guidance for the third quarter of 2025, projecting revenue between $200 million and $208 million and EPS of $0.35 to $0.41.

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