Photronics director Lee sells $307,500 in stock

Photronics Inc. (PLAB) director Kang Jyh Lee has recently sold 10,000 shares of the company's common stock, totaling approximately $307,500. This sale occurred on September 29, 2026, at prices fluctuating between $30.75 and $30.78 per share. Post-sell, Lee now owns 337,350 shares of PLAB common stock.

Analysts note that PLAB boasts an attractive valuation with a P/E ratio of 11.07 and a low PEG ratio of 0.19. InvestingPro identifies the stock as undervalued, ranking it within the platform's most undervalued stocks list. Financially, PLAB demonstrates robust health, with more cash than debt on its balance sheet, as highlighted by InvestingPro Tips.

The company reported a 3% increase in fiscal third-quarter revenue, totaling $216 million, surpassing its guidance. Earnings were $0.49 per share on a diluted GAAP basis and $0.50 per share on a non-GAAP basis. PLAB's success is attributed to its advanced-node business and consistent demand for display masks, with a notable 44% of integrated circuit sales now coming from high-end IC revenue.

The company's gross margin improved to 33%, benefiting from product mix and operating leverage, while operating cash flow reached $76 million, representing 35% of revenue. PLAB has revised its fiscal 2026 capital spending guidance to a range of $255 million to $305 million, down from the previous estimate of $330 million.