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Photronics Inc. (NASDAQ:PLAB), a semiconductor manufacturer with a market capitalization of $1.38 billion and an InvestingPro Financial Health score of "GREAT," saw Director Walter M. Fiederowicz recently sell 10,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold on March 25 at an average price of $21.6334, totaling $216,334. The company, trading at a P/E ratio of 9.04 and maintaining a robust current ratio of 5.66, shows strong financial fundamentals with more cash than debt on its balance sheet. Following this transaction, Fiederowicz retains ownership of 29,548 shares in the semiconductor manufacturing company. For comprehensive insider trading analysis and additional financial metrics, access the detailed Pro Research Report available on InvestingPro.
In other recent news, Photronics Inc. reported its first-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.52, exceeding the forecasted $0.46. Revenue also came in above projections at $212 million, slightly higher than the anticipated $210 million. Photronics remains cautiously optimistic about the rest of 2025, with revenue guidance for the second quarter set between $208 million and $216 million and an EPS forecast ranging from $0.44 to $0.50.
The company noted a strong cash position with $642 million in total cash and only $3 million in debt. Despite a 5% sequential decline in revenue, Photronics continues to focus on high-end integrated circuit segments and advancements in AMOLED display technology. However, there are concerns about macroeconomic uncertainties and increased competition from local Chinese mask makers. The company also mentioned potential geopolitical risks that could impact supply chains and market saturation in certain segments.
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