Photronics director Lee Kang Jyh sells $297,000 in common stock

Photronics Inc. (NASDAQ:PLAB) director Lee Kang Jyh sold 10,000 shares of the company’s common stock on September 22, 2026, for a total value of $297,000. The shares were sold at a price of $29.70 each, notably above the current stock price of $27.87. According to InvestingPro data, the stock has declined 46% over the past six months and trades at a P/E ratio of just 10.

Following the transaction, Mr. Lee directly owns 354,850 shares of Photronics common stock. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available through the platform’s comprehensive Pro Research Report.

In other recent news, Photronics reported a fiscal third-quarter revenue increase of 3% from the previous year, reaching $216 million, which exceeded the high end of management’s expectations. The company posted diluted GAAP earnings of $0.49 per share and non-GAAP earnings of $0.50 per share. Photronics highlighted continued strength in its advanced-node business and noted steady demand in display masks, contributing to the positive financial results. High-end integrated circuit (IC) revenue hit a record 44% of IC sales, indicating a shift towards more advanced and higher-value chip designs. The company’s gross margin improved to 33%, aided by product mix and operating leverage. Operating cash flow stood at $76 million, representing 35% of revenue, showcasing robust cash generation. Additionally, Photronics adjusted its fiscal 2026 capital spending guidance to a range of $255 million to $305 million, down from $330 million, due to timing changes in tool deliveries and customer orders. These recent developments reflect a recovery in demand following delays in semiconductor design releases in the previous quarter.