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Photronics' EVP Progler Sells 10,000 Shares at $21.93 on 2023-09-02.
ByAinvest
Thursday, Sep 4, 2025 2:28 pm ET1min read
Photronics Inc. (PLAB) has announced that EVP, Chief Technology Officer Christopher J. Progler has executed a sale of 10,000 shares at a price per share of $21.93 on September 2, 2025.
Photronics Inc. (PLAB) has announced that Executive Vice President (EVP) and Chief Technology Officer (CTO) Christopher J. Progler executed a sale of 10,000 shares of the company's common stock on September 2, 2025. The shares were sold at a price of $21.93 per share, resulting in a total sale amount of $219,300 [NUMBER:1].Following this transaction, Progler's direct ownership of Photronics shares is not disclosed. This sale comes on the heels of Photronics' strong third-quarter earnings report, where the company reported a non-GAAP diluted EPS of $0.51, surpassing analyst expectations of $0.38. The company's revenue for the quarter was $210 million, slightly above the anticipated $204.6 million. The stock price saw a notable increase of 5.88% in pre-market trading following the earnings announcement [NUMBER:2].
Photronics' stock has shown resilience despite recent market fluctuations. Over the past three months, the stock has delivered strong returns, although it experienced an 8.14% decline over the past week. All analysts tracking the stock maintain a "Strong Buy" recommendation, with price targets ranging from $30 to $36 [NUMBER:2].
The company continues to focus on geographic revenue diversification and strategic investments in technology. Photronics anticipates revenue between $201 million and $209 million for the fourth quarter, with a non-GAAP EPS forecast of $0.42 to $0.48. The company is also committed to maintaining elevated capital expenditures over the next three years to support technological advancements [NUMBER:2].
References:
[1] https://www.tradingview.com/news/tradingview:a53d9ea0992a7:0-photronics-director-lee-kang-jyh-sells-8-750-shares/
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-photronics-q3-2025-beats-eps-expectations-93CH-4222558
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