Photronics Inc. (NASDAQ:PLAB) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $13.50.

A number of analysts recently commented on PLAB shares. Zacks Investment Research cut Photronics from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. SunTrust Banks Inc. set a $12.00 price objective on Photronics and gave the company a “buy” rating in a research report on Tuesday, October 4th. DA Davidson reiterated a “buy” rating and set a $15.00 price objective on shares of Photronics in a research report on Monday, August 22nd. Needham & Company LLC cut Photronics from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Finally, Stifel Nicolaus cut Photronics from a “buy” rating to a “hold” rating in a research report on Friday, November 11th.

Photronics (NASDAQ:PLAB) opened at 10.00 on Friday. The company’s 50 day moving average price is $10.16 and its 200-day moving average price is $9.73. Photronics has a one year low of $8.20 and a one year high of $13.05. The stock has a market capitalization of $681.86 million, a PE ratio of 12.27 and a beta of 0.58.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Thursday, August 18th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $123.20 million for the quarter, compared to analysts’ expectations of $123.54 million. Photronics had a net margin of 11.50% and a return on equity of 6.07%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. Analysts expect that Photronics will post $0.55 earnings per share for the current year.

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

Hedge funds have recently modified their holdings of the company. National Asset Management Inc. boosted its stake in shares of Photronics by 11.5% in the second quarter. National Asset Management Inc. now owns 12,044 shares of the company’s stock worth $109,000 after buying an additional 1,247 shares during the last quarter. Frontier Wealth Management LLC bought a new stake in shares of Photronics during the second quarter worth approximately $110,000. Teacher Retirement System of Texas boosted its stake in shares of Photronics by 18.5% in the third quarter. Teacher Retirement System of Texas now owns 11,236 shares of the company’s stock worth $116,000 after buying an additional 1,755 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Photronics by 15.8% in the third quarter. Virginia Retirement Systems ET AL now owns 11,700 shares of the company’s stock worth $121,000 after buying an additional 1,600 shares during the last quarter. Finally, Icon Advisers Inc. Co. bought a new stake in shares of Photronics during the second quarter worth approximately $150,000. Institutional investors and hedge funds own 98.56% of the company’s stock.

About Photronics

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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