Meros Investment Management Sold 396,804 Shares of Photronics Stock

Company Overview - Photronics is a leading supplier of photomasks, essential components in semiconductor and display manufacturing, leveraging global operations and technical expertise to support advanced electronics production for a diversified customer base [6] - The company generates revenue by providing photomask solutions to semiconductor and electronics manufacturers worldwide, serving foundries, display manufacturers, and high-performance electronics producers across the United States, Asia, and Europe [8] Financial Metrics - As of February 13, 2026, Photronics' stock price was $38.80, with a market capitalization of $2.29 billion [4] - The company reported a trailing twelve months (TTM) revenue of $862 million and a net income of $192 million [4] Recent Transactions - On February 13, 2026, Meros Investment Management, LP disclosed the sale of 396,804 shares of Photronics, with an estimated transaction value of approximately $10 million [2] - Following the sale, Meros' holdings in Photronics were reduced to 108,004 shares, valued at $3.4 million at the end of the fourth quarter, marking a reduction in position by $8.1 million [2][7] Performance Insights - Photronics' shares increased by 74.2% over the past year, significantly outperforming the S&P 500 by 62.4 percentage points [7] - The reduction in Meros' stake in Photronics reflects classic value investing decisions, as the firm sought to lock in gains after the stock's strong performance [9]