Photronics, Inc. (NASDAQ:PLAB) SVP Han Kyung Park Sells 11,250 Shares

Photronics, Inc. (NASDAQ:PLAB) SVP Han Kyung Park sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $23.80, for a total transaction of $267,750.00. Following the sale, the senior vice president now directly owns 102,500 shares of the company’s stock, valued at approximately $2,439,500. This trade represents a 9.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Photronics Stock Performance

Shares of NASDAQ PLAB opened at $23.92 on Friday. Photronics, Inc. has a 52-week low of $20.25 and a 52-week high of $34.16. The stock has a market cap of $1.51 billion, a P/E ratio of 11.44 and a beta of 1.41. The firm has a 50 day moving average price of $24.62 and a 200 day moving average price of $24.41.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The company had revenue of $222.60 million during the quarter, compared to analyst estimates of $218.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th. DA Davidson raised their target price on Photronics from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, December 12th.

Institutional Investors Weigh In On Photronics

A number of hedge funds have recently modified their holdings of the business. US Bancorp DE increased its stake in Photronics by 137.2% during the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 701 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Photronics by 65.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 567 shares during the period. Quarry LP increased its position in shares of Photronics by 223.4% during the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 1,816 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Photronics by 65.8% during the third quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 1,164 shares during the period. Finally, Innealta Capital LLC bought a new stake in Photronics in the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Company Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.