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Walter M. Fiederowicz, a former director of Photronics Inc. (NASDAQ:PLAB), recently sold 7,000 shares of the company's common stock. The transaction, which took place on April 9, 2025, was executed at a price of $18.8801 per share, amounting to a total value of approximately $132,160. The sale price represents a premium to the current trading price of $17.68, with InvestingPro analysis indicating the stock is currently undervalued.
Following this sale, Fiederowicz retains ownership of 17,548 shares in Photronics. The transaction was reported in a filing with the Securities and Exchange Commission, signed by Brandon DeSocio, acting as attorney-in-fact for Fiederowicz. Photronics, based in Brookfield, Connecticut, is known for its work in the semiconductor industry. The company, with a market capitalization of $1.12 billion, maintains strong financial health with an "GREAT" rating from InvestingPro. Investors should note the company's upcoming earnings report scheduled for May 21, 2025. For deeper insights into Photronics' financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, covering this and 1,400+ other top US stocks.
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 forecast of $0.46. The company also reported revenue of $212 million, slightly above the anticipated $210 million. These results reflect Photronics' strategic focus on high-end integrated circuit segments and advancements in AMOLED display technology. Additionally, during the company's annual shareholder meeting, all eight nominated individuals were elected to the Board of Directors, and the 2025 Equity Incentive Compensation Plan was approved by shareholders. Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending October 31, 2025. In terms of future guidance, Photronics provided revenue expectations for the second quarter of 2025 in the range of $208 million to $216 million, with an EPS forecast between $0.44 and $0.50. The company remains cautiously optimistic about the remainder of the year, citing macroeconomic uncertainties as potential challenges. In a separate development, Adam Lewis (JO:LEWJ) was appointed as the Lead Independent (LON:IOG) Director by the independent members of Photronics' Board of Directors.
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