Insider Selling: Photronics, Inc. (PLAB) Insider Sells $172,312.50 in Stock
Photronics, Inc. (NASDAQ:PLAB) insider Sean T. Smith sold 18,750 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $9.19, for a total transaction of $172,312.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Photronics, Inc. (NASDAQ PLAB) opened at 9.15 on Monday. Photronics, Inc. has a 52 week low of $7.55 and a 52 week high of $12.10. The company has a market capitalization of $630.78 million, a PE ratio of 48.41 and a beta of 0.58. The company has a 50-day moving average of $8.12 and a 200-day moving average of $9.77.
Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The business had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $115.14 million. Photronics had a net margin of 2.97% and a return on equity of 1.33%. During the same quarter in the previous year, the company posted $0.12 earnings per share. On average, equities research analysts anticipate that Photronics, Inc. will post $0.19 EPS for the current year.
WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/09/insider-selling-photronics-inc-plab-insider-sells-172312-50-in-stock.html.
Several research analysts have recently commented on PLAB shares. Zacks Investment Research raised shares of Photronics from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub raised shares of Photronics from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold”.
Several hedge funds have recently made changes to their positions in PLAB. Victory Capital Management Inc. lifted its stake in shares of Photronics by 1,665.8% during 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 in the last quarter. Donald Smith & CO. Inc. increased its holdings in 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 acquiring an additional 835,254 shares during the period. Alliancebernstein L.P. increased its holdings in 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 acquiring an additional 414,930 shares during the period. D.A. Davidson & CO. increased its holdings in 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 acquiring an additional 389,610 shares during the period. Finally, Northern Trust Corp increased its holdings in Photronics by 30.9% during the 2nd quarter. Northern Trust Corp now owns 1,645,280 shares of the semiconductor company’s stock worth $15,466,000 after acquiring an additional 388,133 shares during the period. Institutional investors own 96.01% of the company’s stock.
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.