Recent filings for Photronics, Inc. (NASDAQ: PLAB) reveal notable insider activity. On October 7, 2025, Director Tyson Mitchell G sold 5,000 shares for a total of $0.13 million, priced at $25.04 per share. Following this transaction, Mitchell now retains 51,927 shares, with an estimated value of $1.18 million. Prior to this sale, Mitchell had purchased 5,000 shares, representing a continued interest in the company despite occasional divestments.
Additionally, Director Lee Kang Jyh sold 10,000 shares at $25.33 per share, generating $253,300 in proceeds. After this sale, Lee now holds 513,350 shares. These transactions indicate that key management is actively managing their stakes in line with personal or portfolio strategies.
Analyst Ratings and Revisions
Photronics has seen several analyst updates throughout 2025. On June 11, 2025, Craig Hallum initiated coverage on PLAB with a Buy rating and a price target of $32. Meanwhile, Northland Capital revised its outlook from Outperform to Market Perform in late May, reflecting a more cautious view.
Stifel also maintained coverage, upgrading its recommendation from Hold to Buy on April 11, 2022, while previously downgrading from Buy to Hold on February 25, 2021. Collectively, these ratings suggest analysts see moderate upside potential, though sentiment has shifted over time.
Price Performance Overview
On Tuesday, PLAB shares jumped 4.59%, closing at $22.77. Over the last five trading days, the stock gained 10.53%, signaling short-term momentum. Despite this rally, PLAB has declined 6.83% year-to-date and 3.35% over the past year.
The stock has experienced a 52-week high of $31.60 on September 23, 2025, and a 52-week low of $16.46 on April 7, 2025, demonstrating notable volatility within the past year.
Support and Resistance Levels
Technical analysis highlights key price levels for PLAB. Support is identified at $22.13, with a secondary support level at $21.49, indicating potential downside if the stock fails to hold current levels. On the upside, resistance is observed at $23.13, with an additional level at $23.49, providing targets for short-term bullish movements.
Short Interest Trends
Short interest in PLAB has increased recently. As of November 14, 2025, short interest rose by 0.47 million shares, totaling 5.02 million shares. Comparatively, the previous month’s short interest on October 15, 2025, stood at 4.55 million shares, representing a 9.4% increase.
Despite the rise in short positions, the data suggests positive sentiment among some investors who may view the stock as undervalued, anticipating a potential rebound.
