Photronics Director Sells $2.26 Million in Shares Amid Strong Company Performance
Photronics director Macricostas sells $2.26m in shares
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Constantine S. Macricostas, director of Photronics Inc. (NASDAQ: PLAB), sold 50,000 shares for $2.26 million on April 14, 2026. This sale coincides with the company's impressive fiscal Q1 earnings, which exceeded analyst expectations, and a significant stock price increase of 155% over the past year.
- 01Director Constantine S. Macricostas sold 50,000 shares for $2.26 million.
- 02Photronics' stock has risen 155% over the past year, nearing a 52-week high.
- 03The company reported Q1 2026 earnings per share of $0.61, surpassing expectations.
- 04Craig-Hallum raised its price target for Photronics from $42 to $48.
- 05Photronics is enhancing production capabilities with new equipment in Korea.
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On April 14, 2026, Constantine S. Macricostas, director of Photronics Inc. (NASDAQ: PLAB), sold 50,000 shares of the company’s stock for a total of $2,267,500. This transaction occurred as Photronics' stock approached its 52-week high of $46.49, reflecting a remarkable 155% gain over the past year. Following the sale, Macricostas retains 410,895 shares. The sale was executed through the Macricostas Family Foundation Inc. In its fiscal Q1 2026 report, Photronics announced an earnings per share (EPS) of $0.61, exceeding analyst expectations of $0.5267, with revenues reaching $225.07 million, surpassing forecasts of $220.83 million. Additionally, Craig-Hallum has raised its price target for the stock to $48 from $42, maintaining a Buy rating due to the company’s strategic positioning in photomask outsourcing. Photronics is also set to install advanced mask writing equipment at its facility in Korea, aimed at enhancing production for AMOLED photomasks. These developments indicate the company's commitment to strengthening its market position and increasing shareholder value.
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