BidaskClub cut shares of Photronics (NASDAQ:PLAB) from a hold rating to a sell rating in a report released on Tuesday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised Photronics from a sell rating to a hold rating in a report on Thursday, August 17th. DA Davidson reissued a buy rating and set a $13.00 price target on shares of Photronics in a report on Monday, November 27th.

Photronics (NASDAQ PLAB) opened at $8.75 on Tuesday. The firm has a market capitalization of $610.11, a price-to-earnings ratio of 44.25, a PEG ratio of 2.21 and a beta of 0.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.20 and a current ratio of 5.49. Photronics has a twelve month low of $7.55 and a twelve month high of $12.10.

Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $112.17 million. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. sell-side analysts predict that Photronics will post 0.4 earnings per share for the current fiscal year.

In other news, VP Christopher J. Progler sold 4,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $8.85, for a total value of $35,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sean T. Smith sold 25,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $9.19, for a total value of $229,750.00. Following the completion of the sale, the senior vice president now owns 165,358 shares of the company’s stock, valued at $1,519,640.02. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,000 shares of company stock valued at $26,500 and sold 90,000 shares valued at $834,288. Corporate insiders own 3.71% of the company’s stock.

Several large investors have recently bought and sold shares of PLAB. Victory Capital Management Inc. increased its stake in Photronics by 1,665.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,766,054 shares of the semiconductor company’s stock worth $16,601,000 after buying an additional 1,666,037 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Photronics by 4,703.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,444,626 shares of the semiconductor company’s stock worth $12,785,000 after buying an additional 1,414,552 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in Photronics by 18.8% in the 2nd quarter. Donald Smith & CO. Inc. now owns 5,267,874 shares of the semiconductor company’s stock worth $49,518,000 after buying an additional 835,254 shares in the last quarter. Alliancebernstein L.P. increased its stake in Photronics by 24.1% in the 2nd quarter. Alliancebernstein L.P. now owns 2,135,442 shares of the semiconductor company’s stock worth $20,073,000 after buying an additional 414,930 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Photronics by 2,734.1% in the 2nd quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock worth $3,796,000 after buying an additional 389,610 shares in the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.

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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.

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