Photronics, Inc. (NASDAQ:PLAB) VP Richelle E. Burr sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $9.00, for a total value of $27,000.00. Following the transaction, the vice president now owns 45,109 shares of the company’s stock, valued at $405,981. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Photronics, Inc. (NASDAQ:PLAB) remained flat at $$9.05 during mid-day trading on Wednesday. 260,200 shares of the company were exchanged, compared to its average volume of 563,310. The company has a quick ratio of 5.59, a current ratio of 5.91 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $623.90, a PE ratio of 53.24, a PEG ratio of 1.89 and a beta of 0.54. Photronics, Inc. has a 52 week low of $7.55 and a 52 week high of $12.10.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Monday, August 14th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). The firm had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. Photronics had a net margin of 2.97% and a return on equity of 1.33%. During the same quarter in the prior year, the firm posted $0.12 EPS. equities analysts predict that Photronics, Inc. will post 0.19 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in Photronics by 1,665.8% during 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 buying an additional 1,666,037 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Photronics by 35.5% in the second quarter. Russell Investments Group Ltd. now owns 231,428 shares of the semiconductor company’s stock worth $2,176,000 after purchasing an additional 60,668 shares in the last quarter. D.A. Davidson & CO. grew its stake in Photronics by 2,734.1% in the second quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock worth $3,796,000 after purchasing an additional 389,610 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Photronics by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 499,103 shares of the semiconductor company’s stock valued at $4,692,000 after acquiring an additional 23,394 shares during the period. Finally, Palouse Capital Management Inc. increased its holdings in shares of Photronics by 118.1% in the third quarter. Palouse Capital Management Inc. now owns 33,458 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 18,115 shares in the last quarter. 95.71% of the stock is owned by hedge funds and other institutional investors.
PLAB has been the topic of several recent research reports. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub downgraded Photronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.
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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