Photronics, Inc. (NASDAQ:PLAB) shares hit a new 52-week high on Tuesday . The company traded as high as $13.50 and last traded at $13.49, with a volume of 759 shares changing hands. The stock had previously closed at $13.34.

A number of brokerages have recently weighed in on PLAB. Stifel Nicolaus reissued a “hold” rating and set a $13.00 price objective on shares of Photronics in a report on Wednesday, March 3rd. Zacks Investment Research raised shares of Photronics from a “sell” rating to a “hold” rating in a report on Wednesday, February 10th.

The company has a debt-to-equity ratio of 0.06, a current ratio of 3.50 and a quick ratio of 3.10. The company has a market capitalization of $835.73 million, a PE ratio of 24.88 and a beta of 0.91. The firm’s fifty day simple moving average is $12.39 and its 200 day simple moving average is $11.47.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, February 24th. The semiconductor company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Photronics had a net margin of 5.55% and a return on equity of 3.60%. The company had revenue of $152.07 million for the quarter, compared to analyst estimates of $150.05 million. On average, equities research analysts anticipate that Photronics, Inc. will post 0.79 EPS for the current fiscal year.

In other Photronics news, insider Kang Jyh Lee sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $12.34, for a total value of $123,400.00. Following the completion of the transaction, the insider now owns 181,175 shares in the company, valued at $2,235,699.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 23,029 shares of company stock valued at $280,647. Insiders own 3.82% of the company’s stock.

Several institutional investors have recently modified their holdings of PLAB. Founders Capital Management acquired a new position in shares of Photronics in the fourth quarter worth about $50,000. Advisory Services Network LLC raised its position in shares of Photronics by 1,493.3% during the 4th quarter. Advisory Services Network LLC now owns 9,560 shares of the semiconductor company’s stock worth $107,000 after purchasing an additional 8,960 shares during the last quarter. XTX Markets LLC acquired a new position in shares of Photronics during the 4th quarter worth about $113,000. Hsbc Holdings PLC acquired a new position in shares of Photronics during the 4th quarter worth about $119,000. Finally, ProShare Advisors LLC acquired a new position in shares of Photronics during the 4th quarter worth about $170,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

About Photronics (NASDAQ:PLAB)

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and other types of electrical and optical components.

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