Richelle E. Burr Sells 3,900 Shares of Photronics, Inc. (NASDAQ:PLAB) Stock
Photronics, Inc. (NASDAQ:PLAB) VP Richelle E. Burr sold 3,900 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $15.20, for a total value of $59,280.00. Following the sale, the vice president now owns 89,253 shares of the company’s stock, valued at $1,356,645.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of PLAB stock traded up $0.16 during trading hours on Tuesday, reaching $15.64. The company had a trading volume of 32,014 shares, compared to its average volume of 678,399. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.50 and a current ratio of 2.81. Photronics, Inc. has a twelve month low of $7.95 and a twelve month high of $16.75. The company has a market capitalization of $1.01 billion, a P/E ratio of 35.86 and a beta of 0.54. The stock’s fifty day simple moving average is $14.46 and its 200 day simple moving average is $11.34.
Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, December 11th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Photronics had a return on equity of 3.29% and a net margin of 5.41%. The business had revenue of $156.30 million during the quarter, compared to analyst estimates of $147.37 million. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts expect that Photronics, Inc. will post 0.91 earnings per share for the current year.
PLAB has been the subject of several research analyst reports. Northland Securities set a $15.00 price target on Photronics and gave the stock a “buy” rating in a research note on Monday, October 21st. DA Davidson reiterated a “buy” rating and issued a $18.00 target price on shares of Photronics in a research note on Thursday, December 12th. Zacks Investment Research upgraded Photronics from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Saturday, December 14th. TheStreet upgraded Photronics from a “c” rating to a “b-” rating in a research note on Wednesday, December 11th. Finally, BidaskClub upgraded Photronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Photronics presently has an average rating of “Buy” and an average price target of $17.00.
Photronics Company Profile
Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.
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