Investing.com - Financial Markets Worldwide

Progler, Photronics’ CTO, sells $210,700 in shares

Published 30/07/2025, 00:18
Progler, Photronics’ CTO, sells $210,700 in shares
PLAB
-4.19%

Christopher J. Progler, Executive Vice President and Chief Technology Officer at Photronics INC (NASDAQ:PLAB), sold 10,000 shares of the company’s common stock on July 28, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The semiconductor equipment manufacturer, currently rated "GREAT" by InvestingPro’s Financial Health Score, has shown strong financial management with more cash than debt on its balance sheet.

The shares were sold at a weighted average price of $21.07, resulting in a total transaction value of $210,700. Prices for the sales ranged from $21.00 to $21.25. Following the transaction, Progler directly owns 210,591 shares of Photronics. The stock has shown impressive momentum with a 10.71% return over the past week, though InvestingPro analysis suggests the stock may be undervalued at current levels.

The sale was executed under a Rule 10b5-1 trading plan adopted on December 22, 2024. While this insider transaction is notable, management has been actively buying back shares, demonstrating confidence in the company’s prospects. For deeper insights into insider trading patterns and 11 additional ProTips, visit InvestingPro.

In other recent news, Photronics Inc. 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 projected $0.48. Revenue for the quarter was $211 million, slightly below the anticipated $212 million. Additionally, DA Davidson analyst Thomas Diffely adjusted the price target for Photronics shares to $30, down from the previous target of $35, while maintaining a Buy rating. The company has also been in the spotlight due to the departure of its CEO after a tenure of three years. These developments have contributed to a decline in the company’s share value.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.