Lee Kang Jyh, the Chief Executive Officer of Phototronics Inc. (NASDAQ: ), sold a portion of his holdings in the company. According to the most recent SEC filing, Lee sold 8,750 shares of common stock on December 20, 2024, at a weighted average price of $24.33 per share. This transaction amounted to a total value of approximately $212,887. The sale comes as Photronics stock experienced a 9% decline last week, however InvestingPro The analysis shows that the company maintains a “GREAT” financial health score, supported by strong cash flow and low debt.

Following this transaction, Lee retains ownership of 545,850 Photronics shares, representing a significant stake in the $1.5 billion market cap company. The sale was executed in multiple trades, according to the filing. According to InvestingProoffering comprehensive analysis and 8 additional key insights about Photronics, the stock currently appears slightly undervalued based on their proprietary Fair Value model.

In another new news, Photronics Inc. announced. the appointment of David Garcia to their Board of Directors. Garcia brings 30 years of legal experience, including roles at Holland & Hart, Wilson Sonsini Goodrich & Rosati, and the Venture Law Group. His expertise in mergers and acquisitions, venture capital financing, and securities offerings is expected to help Photronics explore various business development opportunities.

The company also reported third-quarter earnings for 2024, revealing an EPS of $0.51, slightly below expectations of $0.52, and a revenue of $211 million. Despite this minor miss, Photronics continues to maintain financial stability, marked by solid cash reserves and a low debt profile. The company also expanded its share repurchase program by $100 million.

Analysts from DA Davidson raised the target for Photronics to $35, citing a promising investment year outlook for 2025. Despite recognizing near-term challenges in various end points market and political uncertainty affecting Taiwan and China, the company maintains a long-term bullish view on Photronics’ prospects.

Photronics’ Q4 revenue guidance stands at $213-$221 million with a non-GAAP EPS range of $0.51-$0.54. The company is keen to expand its IC capacity and explore strategic expansion options in the US, Europe, and Asia. These recent developments show Photronics’ confidence in the long-term prospects of the photomask market, driven by trends in AI and mobile computing.

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