Rui Zhang, the Vice President, Chief Accounting Officer, and Corporate Controller of Photronics, Inc. (PLAB), has sold 4,556 shares of common stock. The open-market transaction, executed on April 17, 2026, was valued at approximately $213,000, with shares sold at a reported price of $46.70. According to SEC Form 4 filings, the sale reduced Zhang's direct ownership from 31,635 to 27,079 shares, representing a 14.4% reduction in her position. The transaction involved only direct holdings, with no indirect or derivative securities reported. The insider activity follows a positive first-quarter performance for the photomask manufacturer. For the fiscal period ending February 1, 2026, Photronics reported revenue of $225.1 million, a 6.1% increase year-over-year. Adjusted earnings per share also saw a significant lift, rising 17% to $0.61. Despite the strong start to the year, the company has issued a cautious forecast for the second quarter. Management expects revenue to land in a range between $212 million and $220 million, indicating a slight sequential decline in sales. Photronics continues to strengthen its competitive position as a critical supplier to the semiconductor and display industries. The company recently became the first in its sector to install a next-generation mask writer, a move intended to bolster its edge in the high-growth AMOLED photomask market.
Sign up free to read the full analysis
Create a free account to unlock full AI-curated market articles, personalized alerts, and more.