Photronics, Inc. (NASDAQ:PLAB) Director Mitchell G. Tyson sold 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $12.00, for a total value of $22,800.00. Following the completion of the sale, the director now owns 76,029 shares of the company’s stock, valued at approximately $912,348. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Photronics stock traded down $0.11 during trading hours on Monday, hitting $11.66. 488,883 shares of the company were exchanged, compared to its average volume of 515,252. Photronics, Inc. has a 1 year low of $7.95 and a 1 year high of $12.63. The company has a current ratio of 2.64, a quick ratio of 2.39 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $11.82 and a 200-day moving average of $9.96. The stock has a market capitalization of $783.18 million, a price-to-earnings ratio of 20.09 and a beta of 0.46.

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Photronics by 4.6% during the second quarter. Royal Bank of Canada now owns 33,503 shares of the semiconductor company’s stock worth $275,000 after purchasing an additional 1,463 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of Photronics by 8.2% during the third quarter. Metropolitan Life Insurance Co NY now owns 20,056 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 1,518 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of Photronics by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 30,516 shares of the semiconductor company’s stock worth $332,000 after purchasing an additional 2,399 shares during the last quarter. Stone Ridge Asset Management LLC raised its stake in shares of Photronics by 10.2% during the second quarter. Stone Ridge Asset Management LLC now owns 27,092 shares of the semiconductor company’s stock worth $222,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Voit & Company LLC raised its stake in shares of Photronics by 21.8% during the third quarter. Voit & Company LLC now owns 13,950 shares of the semiconductor company’s stock worth $152,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

PLAB has been the subject of a number of research reports. Northland Securities set a $15.00 price objective on Photronics and gave the company a “buy” rating in a research note on Monday, October 21st. BidaskClub cut Photronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 21st. Finally, Zacks Investment Research cut Photronics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.00.

About Photronics

Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.

Featured Article: The benefits and drawbacks of dollar cost averaging

Insider Buying and Selling by Quarter for Photronics (NASDAQ:PLAB)

Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.