Photronics, Inc. (NASDAQ:PLAB) Director Sells $241,300.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $24.13, for a total transaction of $241,300.00. Following the completion of the transaction, the director now directly owns 32,000 shares of the company’s stock, valued at $772,160. This trade represents a 23.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Photronics Stock Down 1.0 %

NASDAQ:PLAB opened at $24.22 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.59 and a beta of 1.39. Photronics, Inc. has a 52 week low of $20.25 and a 52 week high of $34.16. The firm has a 50 day moving average of $24.71 and a 200 day moving average of $24.35.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The firm had revenue of $222.60 million during the quarter, compared to analyst estimates of $218.00 million. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.

Institutional Investors Weigh In On Photronics

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its position in shares of Photronics by 137.2% in the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 701 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Photronics by 65.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 567 shares in the last quarter. Quarry LP raised its holdings in shares of Photronics by 223.4% in the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after buying an additional 1,816 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 buying an additional 1,164 shares during the period. Finally, Palouse Capital Management Inc. purchased a new stake in shares of Photronics during the second quarter valued at $75,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. DA Davidson lifted their price target on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 28th.

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.