Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz Sells 5,000 Shares

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $9.71, for a total transaction of $48,550.00. Following the transaction, the director now owns 46,000 shares in the company, valued at approximately $446,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ PLAB traded down $0.45 during mid-day trading on Monday, reaching $8.86. 421,532 shares of the company traded hands, compared to its average volume of 546,217. Photronics, Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $11.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.42 and a current ratio of 2.67. The firm has a market capitalization of $624.38 million, a price-to-earnings ratio of 15.19, a PEG ratio of 2.23 and a beta of 0.58. The company has a fifty day moving average of $8.64.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. Photronics had a net margin of 7.30% and a return on equity of 4.10%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $130.05 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts predict that Photronics, Inc. will post 0.42 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. Northland Securities assumed coverage on shares of Photronics in a research note on Thursday, July 18th. They set an “outperform” rating and a $12.00 price objective on the stock. Zacks Investment Research lowered shares of Photronics from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. TheStreet lowered shares of Photronics from a “b-” rating to a “c” rating in a research note on Friday, June 7th. Finally, BidaskClub upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $11.00.

A number of institutional investors have recently bought and sold shares of the business. KAMES CAPITAL plc grew its position in Photronics by 6.9% in the second quarter. KAMES CAPITAL plc now owns 1,245,302 shares of the semiconductor company’s stock worth $10,199,000 after buying an additional 79,927 shares during the last quarter. Royce & Associates LP grew its position in Photronics by 1.3% in the first quarter. Royce & Associates LP now owns 1,178,676 shares of the semiconductor company’s stock worth $11,138,000 after buying an additional 15,205 shares during the last quarter. DDD Partners LLC grew its position in Photronics by 0.6% in the second quarter. DDD Partners LLC now owns 1,124,126 shares of the semiconductor company’s stock worth $9,218,000 after buying an additional 6,275 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Photronics by 21.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,023,055 shares of the semiconductor company’s stock worth $9,668,000 after buying an additional 181,018 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Photronics by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 555,216 shares of the semiconductor company’s stock worth $5,374,000 after buying an additional 3,028 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

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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Insider Buying and Selling by Quarter for Photronics (NASDAQ:PLAB)

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