Insider Selling: Photronics, Inc. (PLAB) VP Sells $27,000.00 in Stock
Photronics, Inc. (NASDAQ:PLAB) VP Richelle E. Burr sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $9.00, for a total value of $27,000.00. Following the sale, the vice president now owns 45,109 shares of the company’s stock, valued at approximately $405,981. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Photronics, Inc. (PLAB) traded up $0.05 during trading on Thursday, hitting $8.85. The stock had a trading volume of 969,450 shares, compared to its average volume of 565,943. Photronics, Inc. has a twelve month low of $7.55 and a twelve month high of $12.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.91 and a quick ratio of 5.59. The stock has a market capitalization of $610.11, a PE ratio of 53.24, a PEG ratio of 1.89 and a beta of 0.54.
Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Photronics had a return on equity of 1.33% and a net margin of 2.97%. The company had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $115.14 million. During the same quarter last year, the company earned $0.12 EPS. sell-side analysts expect that Photronics, Inc. will post 0.19 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. 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 worth $103,000 after purchasing an additional 4,203 shares during the last quarter. Group One Trading L.P. raised its stake 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 purchasing an additional 5,700 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Photronics during the third quarter worth approximately $114,000. Wolverine Trading LLC purchased a new stake in shares of Photronics during the third quarter worth approximately $117,000. Finally, 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 worth $125,000 after purchasing an additional 5,844 shares during the last quarter. Institutional investors and hedge funds own 95.71% of the company’s stock.
PLAB has been the subject of several analyst reports. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub cut Photronics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.
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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