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BROOKFIELD, Conn.—Walter M. Fiederowicz, a former director of Photronics Inc. (NASDAQ:PLAB), recently sold 5,000 shares of the company’s common stock. The transaction, which took place on April 3, was executed at a price of $19.1605 per share, totaling $95,802. The sale comes amid a significant decline in Photronics’ stock price, which has fallen nearly 12% in the past week and 26% over the last six months. According to InvestingPro analysis, the stock appears undervalued at current levels.
Following the sale, Fiederowicz holds 24,548 shares of Photronics. The sale was disclosed in a filing with the Securities and Exchange Commission. Photronics, based in Brookfield, Connecticut, operates in the semiconductors and related devices industry. The company maintains strong financial health with a current ratio of 5.66 and holds more cash than debt on its balance sheet. InvestingPro subscribers have access to 12 additional key insights about PLAB’s financial position and market performance.
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 forecasted $0.46. The company also reported revenue of $212 million, slightly exceeding the anticipated $210 million. These results indicate a strong performance despite a 5% sequential decline in revenue, attributed to market softness in the mainstream semiconductor segment in Asia and Europe. Additionally, Photronics’ shareholders approved the election of board members and the company’s 2025 Equity Incentive Compensation Plan during the annual shareholder meeting. Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending October 31, 2025. The company also announced the appointment of Adam Lewis (JO:LEWJ) as the Lead Independent (LON:IOG) Director. Analysts have shown interest in the company’s cautious outlook for 2025, citing macroeconomic uncertainties as potential challenges. Photronics provided revenue guidance 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.
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