Photronics, Inc. (PLAB) Director Constantine S. Macricostas Sells 200,000 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) Director Constantine S. Macricostas sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $7.75, for a total value of $1,550,000.00. Following the completion of the transaction, the director now owns 692,575 shares in the company, valued at approximately $5,367,456.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Photronics, Inc. (PLAB) traded down $0.05 during trading on Thursday, reaching $7.65. The company had a trading volume of 478,300 shares, compared to its average volume of 583,178. Photronics, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $11.75. The company has a current ratio of 5.59, a quick ratio of 5.28 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $526.53, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 2.03 and a beta of 0.52.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Photronics had a return on equity of 1.96% and a net margin of 3.68%. The business had revenue of $123.40 million for the quarter, compared to the consensus estimate of $114.13 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Photronics’s revenue for the quarter was up 12.4% on a year-over-year basis. equities analysts anticipate that Photronics, Inc. will post 0.38 earnings per share for the current year.

A number of brokerages have recently weighed in on PLAB. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. ValuEngine downgraded Photronics from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BidaskClub downgraded Photronics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $13.00 price objective on shares of Photronics in a research note on Monday, November 27th.

Institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its stake in Photronics by 3.3% in the third quarter. California Public Employees Retirement System now owns 744,108 shares of the semiconductor company’s stock valued at $6,585,000 after purchasing an additional 23,908 shares during the last quarter. SG Americas Securities LLC purchased a new position in Photronics in the third quarter valued at approximately $1,191,000. Citadel Advisors LLC lifted its stake in Photronics by 284.7% in the third quarter. Citadel Advisors LLC now owns 500,173 shares of the semiconductor company’s stock valued at $4,427,000 after purchasing an additional 370,149 shares during the last quarter. Palouse Capital Management Inc. lifted its stake in Photronics by 118.1% in the third quarter. Palouse Capital Management Inc. now owns 33,458 shares of the semiconductor company’s stock valued at $296,000 after purchasing an additional 18,115 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Photronics by 10.2% in the third quarter. Bank of New York Mellon Corp now owns 2,190,402 shares of the semiconductor company’s stock valued at $19,386,000 after purchasing an additional 203,240 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

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About Photronics

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.

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

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