Photronics, Inc. (NASDAQ:PLAB - Get Free Report) Director Walter M. Fiederowicz sold 7,000 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $18.88, for a total transaction of $132,160.00. Following the transaction, the director now owns 17,548 shares in the company, valued at $331,306.24. This represents a 28.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Photronics Price Performance
NASDAQ PLAB opened at $17.74 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 8.49 and a beta of 1.40. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $31.60. The business's fifty day moving average price is $20.93 and its 200-day moving average price is $23.11.
Photronics (NASDAQ:PLAB - Get Free Report) last posted its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. The company had revenue of $212.14 million for the quarter, compared to the consensus estimate 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 company earned $0.48 earnings per share. Equities research analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current year.
Hedge Funds Weigh In On Photronics
A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Photronics by 17.6% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company's stock worth $81,000 after acquiring an additional 516 shares during the period. Envestnet Asset Management Inc. raised its holdings in Photronics by 1.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company's stock worth $896,000 after purchasing an additional 690 shares during the period. Bridge City Capital LLC lifted its position in Photronics by 0.8% during the fourth quarter. Bridge City Capital LLC now owns 90,245 shares of the semiconductor company's stock valued at $2,126,000 after purchasing an additional 708 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Photronics by 216.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 762 shares during the period. Finally, Cerity Partners LLC increased its position in Photronics by 9.2% in the fourth quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company's stock worth $227,000 after buying an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company's stock.
Analyst Upgrades and Downgrades
Separately, DA Davidson increased their price objective on shares of Photronics from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, December 12th.
Check Out Our Latest Research Report on PLAB
About Photronics
(
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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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