Constantine S. Macricostas, a director at Photronics Inc. (NASDAQ:PLAB), sold 50,000 shares of common stock on April 14, 2026, at $45.35 per share, totaling $2,267,500. The transaction occurred as the stock hovers near its 52-week high of $46.49, reflecting a 155% increase over the past year.
Updated Ownership Details
Following the sale, Macricostas holds 410,895 shares directly. The transaction executed indirectly via the Macricostas Family Foundation Inc.
Strong Q1 2026 Earnings
Photronics Inc. delivered robust fiscal first-quarter 2026 results, posting earnings per share (EPS) of $0.61, which beat analyst forecasts of $0.5267. Revenue reached $225.07 million, surpassing expectations of $220.83 million.
Analyst Upgrade and Strategic Moves
Craig-Hallum analysts raised their price target for Photronics to $48 from $42 while upholding a Buy rating. This adjustment highlights the company’s advantages in the photomask outsourcing market.
The firm also 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 steps underscore Photronics’ commitment to bolstering its market standing and shareholder returns.
