Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz Sells 7,548 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 7,548 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $17.87, for a total value of $134,882.76. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued at $178,700. This trade represents a 43.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Photronics Stock Performance

PLAB opened at $17.67 on Friday. The stock has a fifty day moving average of $20.45 and a 200-day moving average of $22.89. The company has a market capitalization of $1.12 billion, a P/E ratio of 8.45 and a beta of 1.40. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $31.60.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The business had revenue of $212.14 million during the quarter, compared to analysts’ expectations of $210.00 million. During the same quarter in the previous year, the company earned $0.48 EPS. On average, equities research analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Photronics

Several institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC increased its stake in Photronics by 6.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 60,709 shares of the semiconductor company’s stock worth $1,260,000 after acquiring an additional 3,694 shares during the period. SummerHaven Investment Management LLC raised its stake in Photronics by 2.1% in the first quarter. SummerHaven Investment Management LLC now owns 30,540 shares of the semiconductor company’s stock valued at $634,000 after purchasing an additional 625 shares in the last quarter. SG Americas Securities LLC lifted its position in Photronics by 22.9% during the first quarter. SG Americas Securities LLC now owns 28,982 shares of the semiconductor company’s stock worth $602,000 after purchasing an additional 5,391 shares during the period. Perkins Coie Trust Co grew its stake in Photronics by 11.9% during the first quarter. Perkins Coie Trust Co now owns 9,400 shares of the semiconductor company’s stock worth $195,000 after buying an additional 1,000 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Photronics by 1,761.0% in the 1st quarter. GAMMA Investing LLC now owns 64,169 shares of the semiconductor company’s stock valued at $1,332,000 after buying an additional 60,721 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors.

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.