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.
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.
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.
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