Photronics, Inc. (NASDAQ:PLAB - Get Free Report) CEO Kang Jyh Lee sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $25.27, for a total transaction of $505,400.00. Following the completion of the sale, the chief executive officer now directly owns 524,600 shares of the company's stock, valued at $13,256,642. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Photronics Trading Down 1.5 %
Shares of NASDAQ:PLAB opened at $24.04 on Friday. The stock has a market capitalization of $1.52 billion, a PE ratio of 11.50 and a beta of 1.41. Photronics, Inc. has a 1 year low of $20.25 and a 1 year high of $34.16. The firm has a fifty day moving average price of $24.60 and a 200 day moving average price of $24.49.
Photronics (NASDAQ:PLAB - Get Free Report) last released its quarterly earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $222.60 million during the quarter, compared to the consensus estimate of $218.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The firm's revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. On average, sell-side analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.
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PLAB has been the topic of several research reports. DA Davidson upped their target price on Photronics from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. StockNews.com raised shares of Photronics from a "hold" rating to a "buy" rating in a research report on Saturday, September 28th.
View Our Latest Analysis on Photronics
Institutional Investors Weigh In On Photronics
Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Photronics by 17.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,482,856 shares of the semiconductor company's stock valued at $61,252,000 after buying an additional 364,150 shares during the period. State Street Corp increased its stake in Photronics by 0.4% in the third quarter. State Street Corp now owns 2,368,450 shares of the semiconductor company's stock valued at $58,643,000 after acquiring an additional 10,590 shares during the period. LSV Asset Management raised its position in Photronics by 16.0% in the second quarter. LSV Asset Management now owns 1,990,046 shares of the semiconductor company's stock worth $49,094,000 after purchasing an additional 275,082 shares in the last quarter. Geode Capital Management LLC lifted its stake in Photronics by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company's stock worth $43,217,000 after purchasing an additional 85,160 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Photronics by 12.8% in the 2nd quarter. American Century Companies Inc. now owns 1,684,647 shares of the semiconductor company's stock valued at $41,560,000 after purchasing an additional 191,809 shares during the period. Institutional investors own 88.38% of the company's stock.
Photronics Company Profile
(
Get Free Report)
Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.
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