Director at $PLAB buys 2,650 shares in insider purchase

A recent insider purchase at PLAB caught the attention of investors as David A. Garcia, a director at the company, acquired 2,650 shares on 06-27-2025, totaling approximately $50,350. This notable transaction was disclosed through a recent SEC filing and was observed by Quiver Quantitative, highlighting an increase in Garcia’s holdings of this stock class by around 35.1%. Currently, Garcia holds a total of 10,198 shares of PLAB stock of this class.

PLAB has witnessed active insider trading, with insiders engaging in 20 market transactions over the last six months. Among these exchanges, 1 involved a purchase, while the remaining 19 were sales. Notable individuals involved in these trades include Kang Jyh Lee, who conducted 10 sales of 109,250 shares valued at approximately $2,378,082, and Walter M. Fiederowicz, who completed six sales of 44,548 shares totaling roughly $909,457. Additionally, Han Kyung Park, serving as the SVP & GM of FPD Ops, executed two sales of 22,500 shares worth an estimated $550,350. Meanwhile, Christopher J. Progler, the EVP and Chief Technology Officer, sold 10,000 shares for around $215,870.

Hedge fund activity surrounding PLAB has been dynamic, with 132 institutional investors adding shares to their portfolio and 161 reducing their positions in the most recent quarter. The shifting landscape includes significant moves such as Pacer Advisors, Inc. removing 1,385,370 shares, amounting to a decrease of 69.5% in their portfolio valued at $28,760,281 in Q1 2025. BlackRock, Inc. removed 638,402 shares (a 6.2% decrease) from their portfolio, totaling $13,253,225 during the same quarter. However, Rubric Capital Management LP opted to add 547,831 shares, representing a 41.7% increase in their portfolio valuing $11,372,971 during Q1 2025.

Goldman Sachs Group Inc. parted with 393,928 shares, reducing their portfolio by 47.4% and amounting to an estimated $8,177,945 in Q1 2025. Noteworthy movements were also observed with Norges Bank adding 291,400 shares (a substantial 745.3% increase) to their portfolio amounting to $6,865,384 in Q4 2024. Conversely, Assenagon Asset Management S.A. decided to remove all 224,645 shares from their portfolio in Q4 2024, valued at $5,292,636. Mill Road Capital Management LLC included 223,400 shares in their portfolio (percentage increase not available), totaling $4,637,784 in Q1 2025.

It is important to note that this article is not intended as financial advice but rather an informative piece based on data and observations provided by Quiver Quantitative. Investors should refer to the disclaimers available on Quiver Quantitative’s platforms for additional details.