Photronics, Inc. (NASDAQ:PLAB) SVP Han Kyung Park Sells 11,250 Shares

Photronics, Inc. (NASDAQ:PLAB) SVP Han Kyung Park sold 11,250 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $23.80, for a total transaction of $267,750.00. Following the completion of the sale, the senior vice president now directly owns 102,500 shares in the company, valued at approximately $2,439,500. This represents a 9.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Photronics Stock Down 1.4 %

PLAB stock opened at $23.92 on Friday. Photronics, Inc. has a twelve month low of $20.25 and a twelve month high of $34.16. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 11.44 and a beta of 1.41. The business’s fifty day simple moving average is $24.62 and its two-hundred day simple moving average is $24.42.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $222.60 million for the quarter, compared to the consensus estimate of $218.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Research analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.

Institutional Trading of Photronics

A number of large investors have recently modified their holdings of the company. Arizona State Retirement System increased its holdings in Photronics by 3.1% during the 2nd quarter. Arizona State Retirement System now owns 17,735 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 530 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Photronics by 65.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after buying an additional 567 shares in the last quarter. US Bancorp DE increased its stake in shares of Photronics by 137.2% during the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 701 shares during the period. Koss Olinger Consulting LLC increased its stake in shares of Photronics by 4.3% during the third quarter. Koss Olinger Consulting LLC now owns 18,714 shares of the semiconductor company’s stock valued at $463,000 after buying an additional 780 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Photronics by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the semiconductor company’s stock valued at $787,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLAB. DA Davidson upped their price target on shares of Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 28th.

Photronics Company Profile

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.