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.

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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.

About Photronics

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.

Insider Buying and Selling by Quarter for Photronics (NASDAQ:PLAB)

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