Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Director David A. Garcia of Photronics INC (NASDAQ:PLAB) recently purchased 2,650 shares of the company’s common stock at a price of $19.0, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the purchase was $50,350. According to InvestingPro analysis, this insider purchase aligns with the company’s strong financial health, boasting a "GREAT" overall score and maintaining more cash than debt on its balance sheet.
Following the transaction, Garcia directly owns 10,198 shares of Photronics INC. The stock currently appears undervalued based on InvestingPro’s Fair Value analysis, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, Photronics Inc. reported its financial results for the second quarter of 2025, revealing a miss on earnings expectations with an EPS of $0.40, below the forecasted $0.48. Revenue for the quarter was $211 million, slightly under the anticipated $212 million, marking a 3% year-over-year decline. The company maintained a gross margin of 37% and an operating margin of 26%. Despite these results, Photronics announced a strategic expansion in the U.S. to support semiconductor reshoring. DA Davidson analyst Thomas Diffely adjusted the price target for Photronics shares to $30.00, down from $35.00, while maintaining a Buy rating, reflecting a recalibration of expectations. The company is experiencing a management transition with the departure of CEO Frank Lee, as George Makrokastas takes over the role. 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, citing macroeconomic uncertainties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.