Photronics director Lee Kang Jyh sells $297,000 in stock

Photronics director Lee Kang Jyh sold 10,000 shares of the company's common stock on September 22, 2026, for a total of $297,000 at $29.70 per share. After the transaction, Mr. Lee owned 354,850 shares of Photronics common stock. The stock price is currently $29.81, down 31% over the past six months.

InvestingPro analysis suggests the company may be undervalued, with a P/E ratio of 10.53 and a PEG ratio of 0.18. Subscribers can access 11 additional exclusive tips and comprehensive metrics, including Pro Research Reports for PLAB and 1,400+ other US stocks.

In recent news, Photronics reported a 3% increase in fiscal third-quarter revenue to $216 million, surpassing the high end of the company's guidance. Diluted GAAP earnings were $0.49 per share, and non-GAAP earnings were $0.50 per share. Integrated circuit sales accounted for 44% of the company's revenue, showing a trend towards advanced chip designs. Gross margin improved to 33%, driven by a favorable product mix and operating leverage. Operating cash flow was $76 million, or 35% of revenue.

Photronics adjusted its fiscal 2026 capital spending guidance to a range of $255 million to $305 million due to changes in tool deliveries and customer orders. This comes after delays in semiconductor design releases positively impacted revenue and margins, suggesting the company has recovered from past setbacks.