Photronics, Inc. (PLAB) VP Christopher J. Progler Sells 4,000 Shares of Stock
Photronics, Inc. (NASDAQ:PLAB) VP Christopher J. Progler sold 4,000 shares of Photronics stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $8.85, for a total value of $35,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Photronics, Inc. (NASDAQ:PLAB) traded down 0.829% during midday trading on Thursday, reaching $8.975. The company’s stock had a trading volume of 1,594,111 shares. The company has a market capitalization of $618.72 million, a P/E ratio of 47.487 and a beta of 0.58. Photronics, Inc. has a 12-month low of $7.55 and a 12-month high of $12.10. The company’s 50-day moving average price is $8.04 and its 200 day moving average price is $9.79.
Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $111.60 million for 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 period in the previous year, the company earned $0.12 EPS. On average, equities research analysts forecast that Photronics, Inc. will post $0.19 earnings per share for the current year.
PLAB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub upgraded Photronics from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus rating of “Hold”.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLAB. Federated Investors Inc. PA raised its position in Photronics by 61.9% during the 2nd quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 4,203 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Photronics by 78.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock valued at $125,000 after purchasing an additional 5,844 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Photronics during the 2nd quarter valued at approximately $131,000. Airain ltd bought a new position in Photronics during the 2nd quarter valued at approximately $137,000. Finally, Principal Financial Group Inc. raised its position in Photronics by 5.1% during the 2nd quarter. Principal Financial Group Inc. now owns 14,915 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 720 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.
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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