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.

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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.

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

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