Insider Selling: Photronics, Inc. (PLAB) VP Sells 3,000 Shares of Stock
Photronics, Inc. (NASDAQ:PLAB) VP Richelle E. Burr sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $9.00, for a total transaction of $27,000.00. Following the sale, the vice president now owns 45,109 shares in the company, valued at $405,981. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Photronics, Inc. (PLAB) remained flat at $$9.10 during mid-day trading on Monday. 307,500 shares of the company’s stock traded hands, compared to its average volume of 440,480. The stock has a market capitalization of $627.34, a P/E ratio of 53.53, a P/E/G ratio of 1.90 and a beta of 0.54. Photronics, Inc. has a 52-week low of $7.55 and a 52-week high of $12.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.59 and a current ratio of 5.91.
Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The company had revenue of $111.60 million during the quarter, compared to the consensus estimate of $115.14 million. Photronics had a net margin of 2.97% and a return on equity of 1.33%. During the same quarter in the prior year, the firm posted $0.12 earnings per share. analysts predict that Photronics, Inc. will post 0.19 earnings per share for the current year.
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Several analysts have recently commented on PLAB shares. Zacks Investment Research upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub downgraded shares of Photronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.
A number of hedge funds and other institutional investors have recently made changes to their positions in PLAB. Federated Investors Inc. PA increased its holdings in Photronics by 61.9% in the 2nd quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 4,203 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Photronics in the 3rd quarter valued at $114,000. BNP Paribas Arbitrage SA increased its holdings in Photronics by 78.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 5,844 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Photronics in the 2nd quarter valued at $131,000. Finally, Airain ltd bought a new stake in Photronics in the 2nd quarter valued at $137,000. Institutional investors own 95.71% of the company’s stock.
Photronics Company Profile
Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.
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