Photronics Inc. (NASDAQ:PLAB) Director Constantine S. Macricostas sold 50,000 shares of common stock on April 14, 2026, at $45.35 per share, totaling $2,267,500. The transaction occurs as the stock hovers near its 52-week high of $46.49, reflecting a 155% increase over the past year.
Updated Ownership and Transaction Details
After the sale, Macricostas holds 410,895 shares directly. The sale executed indirectly through the Macricostas Family Foundation Inc.
Strong Q1 2026 Earnings
Photronics delivered robust fiscal first-quarter 2026 results, posting earnings per share of $0.61, which beat analyst estimates of $0.5267. Revenue reached $225.07 million, surpassing projections of $220.83 million.
Analyst Upgrade and Price Target
Craig-Hallum analysts lifted their price target on Photronics to $48 from $42 while upholding a Buy rating. This move highlights the company’s advantages in the photomask outsourcing market.
New Equipment Installation
The company installed an advanced mask writer at its Korea facility, scheduled for operation in fiscal Q2 2026. This upgrade boosts production of AMOLED photomasks, including G8.6 sizes.
Shareholder Meeting Outcomes
At the recent annual meeting, shareholders approved all proposals, including the election of eight directors to the board. These actions underscore Photronics’ commitment to enhancing its market position and shareholder value.
