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Director Constantine S. Macricostas of Photronics INC (NASDAQ:PLAB) sold 50,000 shares of common stock on April 14, 2026, at a price of $45.35, for a total transaction value of $2,267,500. The sale comes as the stock trades near its 52-week high of $46.49, following a remarkable 155% gain over the past year.
Following the transaction, Macricostas directly owns 410,895 shares of Photronics INC. The sale was executed indirectly through Macricostas Family Foundation Inc. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, with 14 additional ProTips available to subscribers for deeper insights into the company’s $2.69 billion market position.
In other recent news, Photronics Inc. reported impressive fiscal Q1 2026 earnings, with an earnings per share (EPS) of $0.61, surpassing analyst expectations of $0.5267. The company’s revenue also exceeded forecasts, reaching $225.07 million compared to the projected $220.83 million. In addition, Craig-Hallum raised its price target for Photronics to $48 from $42, maintaining a Buy rating, driven by the company’s strategic positioning in the photomask outsourcing trend. Photronics also announced the installation of an advanced mask writer at its Korea facility, set for fiscal Q2 2026. This equipment aims to enhance production capabilities for AMOLED photomasks, including G8.6 mask sizes. Furthermore, shareholders recently approved all proposals at the annual meeting, including the election of eight directors to the board. These developments reflect Photronics’ ongoing efforts to strengthen its market position and enhance shareholder value.
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