Photronics, Inc. (PLAB) VP Christopher J. Progler Sells 4,000 Shares
Photronics, Inc. (NASDAQ:PLAB) VP Christopher J. Progler sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $9.55, for a total value of $38,200.00. Following the transaction, the vice president now directly owns 78,900 shares of the company’s stock, valued at approximately $753,495. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Photronics, Inc. (PLAB) traded down $0.20 during trading hours on Wednesday, reaching $9.00. The company had a trading volume of 522,500 shares, compared to its average volume of 573,894. The company has a market cap of $620.45, a P/E ratio of 46.00, a price-to-earnings-growth ratio of 2.30 and a beta of 0.53. Photronics, Inc. has a one year low of $7.55 and a one year high of $12.10. The company has a quick ratio of 5.20, a current ratio of 5.49 and a debt-to-equity ratio of 0.07.
Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $121.00 million during the quarter, compared to the consensus estimate of $112.17 million. Photronics had a return on equity of 1.55% and a net margin of 2.91%. Photronics’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. research analysts anticipate that Photronics, Inc. will post 0.4 EPS for the current fiscal year.
Several brokerages have recently commented on PLAB. DA Davidson reissued a “buy” rating and set a $13.00 price objective on shares of Photronics in a report on Monday, November 27th. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, BidaskClub lowered Photronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th.
Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in Photronics by 1,665.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,766,054 shares of the semiconductor company’s stock worth $16,601,000 after buying an additional 1,666,037 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Photronics by 35.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 231,428 shares of the semiconductor company’s stock worth $2,176,000 after buying an additional 60,668 shares during the last quarter. D.A. Davidson & CO. lifted its position in Photronics by 2,734.1% in the 2nd quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock worth $3,796,000 after buying an additional 389,610 shares during the last quarter. Palouse Capital Management Inc. lifted its position in Photronics by 118.1% in the 3rd quarter. Palouse Capital Management Inc. now owns 33,458 shares of the semiconductor company’s stock worth $296,000 after buying an additional 18,115 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Photronics in the 3rd quarter worth approximately $1,191,000. Institutional investors own 94.71% 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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