ValuEngine downgraded shares of Photronics (NASDAQ:PLAB) from a hold rating to a sell rating in a research note released on Friday.

Several other equities research analysts have also commented on PLAB. BidaskClub lowered shares of Photronics from a sell rating to a strong sell rating in a report on Tuesday, January 30th. Zacks Investment Research raised shares of Photronics from a sell rating to a hold rating in a report on Tuesday, October 17th. Finally, DA Davidson reaffirmed a buy rating and set a $13.00 target price on shares of Photronics in a report on Monday, November 27th.

Shares of Photronics (NASDAQ:PLAB) opened at $7.65 on Friday. The company has a market cap of $545.52, a price-to-earnings ratio of 38.25, a P/E/G ratio of 1.98 and a beta of 0.52. The company has a quick ratio of 5.20, a current ratio of 5.49 and a debt-to-equity ratio of 0.07. Photronics has a 1-year low of $7.55 and a 1-year high of $11.80.

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

In other news, SVP Sean T. Smith sold 25,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $9.19, for a total transaction of $229,750.00. Following the completion of the sale, the senior vice president now owns 165,358 shares of the company’s stock, valued at $1,519,640.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richelle E. Burr sold 4,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $9.00, for a total transaction of $36,000.00. Following the sale, the vice president now directly owns 41,109 shares of the company’s stock, valued at approximately $369,981. The disclosure for this sale can be found here. Insiders have sold 52,040 shares of company stock valued at $479,165 in the last ninety days. Insiders own 3.71% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Group One Trading L.P. grew its holdings in shares of Photronics by 90.8% during the third quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock worth $106,000 after buying an additional 5,700 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of Photronics during the fourth quarter worth $110,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Photronics during the third quarter worth $114,000. Wolverine Trading LLC purchased a new stake in shares of Photronics during the third quarter worth $117,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Photronics during the fourth quarter worth $116,000. 94.51% of the stock is owned by institutional investors and hedge funds.

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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.

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