Photronics, Inc. (NASDAQ:PLAB) SVP Sells $277,087.50 in Stock

Photronics, Inc. (NASDAQ:PLAB) SVP Han Kyung Park sold 11,250 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $24.63, for a total transaction of $277,087.50. Following the transaction, the senior vice president now owns 118,000 shares of the company’s stock, valued at approximately $2,906,340. The trade was a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Han Kyung Park also recently made the following trade(s):

• On Tuesday, December 24th, Han Kyung Park sold 11,250 shares of Photronics stock. The shares were sold at an average price of $23.80, for a total transaction of $267,750.00.

Photronics Stock Performance

Shares of NASDAQ:PLAB opened at $24.22 on Thursday. The company’s fifty day moving average is $24.68 and its 200-day moving average is $24.35. Photronics, Inc. has a 52 week low of $20.25 and a 52 week high of $34.16. The company has a market capitalization of $1.53 billion, a PE ratio of 11.59 and a beta of 1.39.

Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $222.60 million for 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 company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts forecast that Photronics, Inc. will post 2.3 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLAB. DA Davidson boosted their price target on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. StockNews.com raised shares of Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 28th.

Hedge Funds Weigh In On Photronics

Institutional investors have recently bought and sold shares of the business. TD Asset Management Inc increased its position in Photronics by 7.0% in the 2nd quarter. TD Asset Management Inc now owns 39,800 shares of the semiconductor company’s stock valued at $982,000 after acquiring an additional 2,600 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Photronics by 20.8% during the second quarter. Victory Capital Management Inc. now owns 505,567 shares of the semiconductor company’s stock worth $12,472,000 after buying an additional 86,938 shares during the last quarter. Arizona State Retirement System lifted its holdings in Photronics by 3.1% in the second quarter. Arizona State Retirement System now owns 17,735 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 530 shares during the period. LSV Asset Management boosted its stake in Photronics by 16.0% in the second quarter. LSV Asset Management now owns 1,990,046 shares of the semiconductor company’s stock valued at $49,094,000 after acquiring an additional 275,082 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of Photronics by 83,071.4% during the 2nd quarter. Quest Partners LLC now owns 23,288 shares of the semiconductor company’s stock valued at $575,000 after acquiring an additional 23,260 shares during the last quarter. Institutional investors 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.