Insider Buying: Photronics, Inc. (PLAB) CFO Acquires $23,550.00 in Stock
Photronics, Inc. (NASDAQ:PLAB) CFO John P. Jordan bought 3,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average cost of $7.85 per share, with a total value of $23,550.00. Following the completion of the transaction, the chief financial officer now owns 31,000 shares in the company, valued at $243,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Photronics, Inc. (PLAB) traded up 1.91% during mid-day trading on Friday, reaching $8.00. The company’s stock had a trading volume of 1,644,544 shares. The firm has a market cap of $548.20 million, a price-to-earnings ratio of 42.11 and a beta of 0.52. Photronics, Inc. has a 12 month low of $7.55 and a 12 month high of $12.10. The company’s 50-day moving average is $8.53 and its 200 day moving average is $10.02.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The business had revenue of $111.60 million during the quarter, compared to the consensus estimate of $115.14 million. Photronics had a return on equity of 1.33% and a net margin of 2.97%. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, equities analysts anticipate that Photronics, Inc. will post $0.19 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Insider Buying: Photronics, Inc. (PLAB) CFO Acquires $23,550.00 in Stock” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/17/insider-buying-photronics-inc-plab-cfo-acquires-23550-00-in-stock.html.
PLAB has been the subject of several analyst reports. BidaskClub raised Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. ValuEngine raised Photronics from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered Photronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.00.
Institutional investors have recently bought and sold shares of the business. Federated Investors Inc. PA raised its stake in shares of Photronics by 61.9% during the second quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 4,203 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Photronics by 78.4% during the second quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 5,844 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Photronics during the second quarter valued at about $131,000. Airain ltd bought a new position in shares of Photronics during the second quarter valued at about $137,000. Finally, Principal Financial Group Inc. raised its stake in shares of Photronics by 5.1% during the second quarter. Principal Financial Group Inc. now owns 14,915 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 720 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Photronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics Inc. and related stocks with our FREE daily email newsletter.