US stock futures inch lower after Wall St marks fresh records on tech gains
Christopher J. Progler, Executive Vice President and Chief Technology Officer at Photronics INC (NASDAQ:PLAB), sold 10,000 shares of common stock on September 2, 2025, for approximately $219,300. The transaction comes as Photronics maintains strong financial health with virtually no debt and a robust current ratio of 5x. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
The shares were sold at prices ranging from $21.77 to $22.12. Following the transaction, Progler directly owns 200,591 shares of Photronics.
The sale was executed under a Rule 10b5-1 trading plan adopted on December 22, 2024.
In other recent news, Photronics Inc. reported its third-quarter earnings for 2025, exceeding analyst expectations. The company achieved a non-GAAP diluted earnings per share (EPS) of $0.51, surpassing the forecasted $0.38. Photronics also reported revenue of $210 million, slightly higher than the anticipated $204.6 million. These results have attracted attention from investors, indicating a positive reception to the company’s financial performance. Analysts had projected lower figures, which makes this outcome noteworthy. The earnings report is a significant development for Photronics, reflecting its financial health and operational success in the recent quarter.
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