Photronics, Inc. (NASDAQ:PLAB - Get Free Report) CEO Kang Jyh Lee sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $20.90, for a total transaction of $209,000.00. Following the completion of the sale, the chief executive officer now owns 552,100 shares in the company, valued at $11,538,890. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Kang Jyh Lee also recently made the following trade(s):
- On Thursday, January 16th, Kang Jyh Lee sold 8,750 shares of Photronics stock. The stock was sold at an average price of $24.40, for a total transaction of $213,500.00.
- On Monday, January 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00.
- On Thursday, January 2nd, Kang Jyh Lee sold 17,500 shares of Photronics stock. The shares were sold at an average price of $24.10, for a total value of $421,750.00.
- On Tuesday, December 24th, Kang Jyh Lee sold 17,500 shares of Photronics stock. The shares were sold at an average price of $24.00, for a total value of $420,000.00.
- On Thursday, December 19th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The shares were sold at an average price of $25.27, for a total value of $505,400.00.
Photronics Stock Performance
Shares of Photronics stock opened at $21.71 on Friday. Photronics, Inc. has a 52-week low of $19.61 and a 52-week high of $31.60. The stock's 50-day simple moving average is $22.77 and its 200 day simple moving average is $23.75. The stock has a market capitalization of $1.38 billion, a P/E ratio of 10.39 and a beta of 1.43.
Photronics (NASDAQ:PLAB - Get Free Report) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The business had revenue of $212.14 million during the quarter, compared to analyst estimates of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Equities research analysts forecast that Photronics, Inc. will post 2.3 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, DA Davidson lifted their price objective on Photronics from $32.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th.
View Our Latest Research Report on Photronics
Hedge Funds Weigh In On Photronics
Several institutional investors and hedge funds have recently modified their holdings of the stock. M&T Bank Corp purchased a new position in Photronics in the third quarter worth about $252,000. Geode Capital Management LLC boosted its holdings in Photronics by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company's stock valued at $43,217,000 after acquiring an additional 85,160 shares during the period. Victory Capital Management Inc. boosted its holdings in Photronics by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 530,401 shares of the semiconductor company's stock valued at $13,133,000 after acquiring an additional 24,834 shares during the period. FMR LLC lifted its holdings in shares of Photronics by 36.0% in the 3rd quarter. FMR LLC now owns 135,208 shares of the semiconductor company's stock worth $3,348,000 after buying an additional 35,825 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Photronics in the 4th quarter worth $298,000. 88.38% of the stock is currently owned by institutional investors.
Photronics Company Profile
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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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