Insider Selling: Photronics, Inc. (PLAB) SVP Sells $117,875.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) SVP Sean T. Smith sold 12,500 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $9.43, for a total transaction of $117,875.00. Following the sale, the senior vice president now directly owns 152,858 shares of the company’s stock, valued at $1,441,450.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Photronics, Inc. (PLAB) opened at $9.12 on Friday. Photronics, Inc. has a 1 year low of $7.55 and a 1 year high of $12.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.49 and a quick ratio of 5.20. The company has a market capitalization of $629.07, a price-to-earnings ratio of 45.63, a PEG ratio of 2.28 and a beta of 0.53.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The firm had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $112.17 million. During the same quarter in the previous year, the business earned $0.05 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. research analysts anticipate that Photronics, Inc. will post 0.4 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of PLAB. Teachers Advisors LLC boosted its holdings in Photronics by 4.3% during the 1st quarter. Teachers Advisors LLC now owns 110,731 shares of the semiconductor company’s stock valued at $1,185,000 after acquiring an additional 4,578 shares during the period. Vanguard Group Inc. boosted its holdings in Photronics by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 2,860,720 shares of the semiconductor company’s stock valued at $30,609,000 after acquiring an additional 144,092 shares during the period. Bank of America Corp DE boosted its holdings in Photronics by 0.5% during the 1st quarter. Bank of America Corp DE now owns 55,456 shares of the semiconductor company’s stock valued at $593,000 after acquiring an additional 271 shares during the period. State Street Corp boosted its holdings in Photronics by 3.8% during the 1st quarter. State Street Corp now owns 1,389,571 shares of the semiconductor company’s stock valued at $14,867,000 after acquiring an additional 50,294 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Photronics by 4.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 44,589 shares of the semiconductor company’s stock valued at $477,000 after acquiring an additional 1,987 shares during the period. Institutional investors own 94.71% of the company’s stock.

A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Photronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, DA Davidson reissued a “buy” rating and set a $13.00 price target on shares of Photronics in a research note on Monday, November 27th.

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About Photronics

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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