Several analysts have recently updated their ratings and price targets for Photronics (NASDAQ: PLAB):

  • 9/21/2016 – Photronics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. “
  • 9/13/2016 – Photronics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. “
  • 9/7/2016 – Photronics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. “
  • 9/1/2016 – Photronics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. “
  • 8/22/2016 – Photronics had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $15.00 price target on the stock.
  • 8/20/2016 – Photronics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. “

Photronics Inc. (NASDAQ:PLAB) traded up 2.88% on Thursday, reaching $10.35. The company’s stock had a trading volume of 390,932 shares. The firm has a 50 day moving average price of $9.72 and a 200 day moving average price of $9.79. Photronics Inc. has a 52 week low of $8.56 and a 52 week high of $13.05. The stock has a market capitalization of $705.73 million, a P/E ratio of 12.70 and a beta of 1.08.

Photronics (NASDAQ:PLAB) last issued its earnings results on Thursday, August 18th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. Photronics had a net margin of 11.50% and a return on equity of 6.07%. The company earned $123.20 million during the quarter, compared to analysts’ expectations of $123.54 million. During the same period last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that Photronics Inc. will post $0.55 EPS for the current year.

In other news, Director Walter M. Fiederowicz sold 21,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $9.95, for a total transaction of $211,437.50. Following the completion of the transaction, the director now directly owns 42,250 shares of the company’s stock, valued at approximately $420,387.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph A. Fiorita, Jr. sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $10.00, for a total transaction of $120,000.00. Following the transaction, the director now directly owns 161,100 shares of the company’s stock, valued at $1,611,000. The disclosure for this sale can be found here. 4.12% of the stock is currently owned by company insiders.

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. The Company supports customers across the full spectrum of integrated circuit (IC) production and flat panel display (FPD) technologies by manufacturing photomasks using electron beam or optical (laser-based) systems.

5 Day Chart for NASDAQ:PLAB

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