Sean T. Smith Sells 18,750 Shares of Photronics, Inc. (PLAB) Stock
Photronics, Inc. (NASDAQ:PLAB) insider Sean T. Smith sold 18,750 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $9.19, for a total transaction of $172,312.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Photronics, Inc. (PLAB) opened at 9.15 on Friday. Photronics, Inc. has a one year low of $7.55 and a one year high of $12.10. The firm has a market cap of $630.78 million, a PE ratio of 48.41 and a beta of 0.58. The company has a 50-day moving average of $8.12 and a 200 day moving average of $9.77.
Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The company had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. Photronics had a return on equity of 1.33% and a net margin of 2.97%. During the same quarter in the prior year, the company earned $0.12 EPS. On average, equities research analysts expect that Photronics, Inc. will post $0.19 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in PLAB. Victory Capital Management Inc. raised its position in shares of 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 valued at $16,601,000 after purchasing an additional 1,666,037 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Photronics by 18.8% in the 2nd quarter. Donald Smith & CO. Inc. now owns 5,267,874 shares of the semiconductor company’s stock valued at $49,518,000 after purchasing an additional 835,254 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Photronics by 24.1% in the 2nd quarter. Alliancebernstein L.P. now owns 2,135,442 shares of the semiconductor company’s stock valued at $20,073,000 after purchasing an additional 414,930 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Photronics by 2,734.1% in the 2nd quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock valued at $3,796,000 after purchasing an additional 389,610 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Photronics by 30.9% in the 2nd quarter. Northern Trust Corp now owns 1,645,280 shares of the semiconductor company’s stock valued at $15,466,000 after purchasing an additional 388,133 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.
PLAB has been the topic of several research reports. BidaskClub raised shares of Photronics from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Photronics from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold”.
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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