Richelle E. Burr Sells 4,000 Shares of Photronics, Inc. (PLAB) Stock
Photronics, Inc. (NASDAQ:PLAB) VP Richelle E. Burr sold 4,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $9.00, for a total transaction of $36,000.00. Following the completion of the transaction, the vice president now directly owns 41,109 shares in the company, valued at $369,981. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Photronics, Inc. (NASDAQ:PLAB) traded down $0.15 on Thursday, reaching $8.60. 565,800 shares of the company’s stock traded hands, compared to its average volume of 574,444. The company has a quick ratio of 5.20, a current ratio of 5.49 and a debt-to-equity ratio of 0.07. The firm has a market cap of $603.21, a PE ratio of 43.75, a P/E/G ratio of 2.19 and a beta of 0.53. Photronics, Inc. has a 12 month low of $7.55 and a 12 month high of $12.10.
Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $112.17 million. Photronics had a net margin of 2.91% and a return on equity of 1.55%. Photronics’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. sell-side analysts anticipate that Photronics, Inc. will post 0.4 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in PLAB. Victory Capital Management Inc. increased its stake in 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 buying an additional 1,666,037 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Photronics by 4,703.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,444,626 shares of the semiconductor company’s stock worth $12,785,000 after purchasing an additional 1,414,552 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Photronics by 18.8% during the 2nd quarter. Donald Smith & CO. Inc. now owns 5,267,874 shares of the semiconductor company’s stock worth $49,518,000 after purchasing an additional 835,254 shares during the period. Alliancebernstein L.P. grew its stake in shares of Photronics by 24.1% during the 2nd quarter. Alliancebernstein L.P. now owns 2,135,442 shares of the semiconductor company’s stock worth $20,073,000 after purchasing an additional 414,930 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of Photronics by 2,734.1% during the 2nd 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 during the period. 94.71% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Photronics from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research cut shares of Photronics from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $13.00 price objective on shares of Photronics in a research note on Monday, November 27th.
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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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