Walter M. Fiederowicz Sells 10,000 Shares of Photronics, Inc. (NASDAQ:PLAB) Stock

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 10,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $24.13, for a total transaction of $241,300.00. Following the completion of the transaction, the director now owns 32,000 shares in the company, valued at approximately $772,160. This trade represents a 23.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Photronics Trading Down 1.0 %

Photronics stock opened at $24.22 on Friday. The firm has a market cap of $1.53 billion, a PE ratio of 11.59 and a beta of 1.39. Photronics, Inc. has a 12 month low of $20.25 and a 12 month high of $34.16. The stock’s 50 day simple moving average is $24.71 and its two-hundred day simple moving average is $24.35.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 28th. DA Davidson boosted their price objective on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, December 12th.

Institutional Investors Weigh In On Photronics

Institutional investors have recently modified their holdings of the business. M&T Bank Corp acquired a new position in Photronics in the 3rd quarter worth about $252,000. Geode Capital Management LLC increased its position in shares of Photronics by 5.1% in the third quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company’s stock valued at $43,217,000 after buying an additional 85,160 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Photronics by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 530,401 shares of the semiconductor company’s stock worth $13,133,000 after buying an additional 24,834 shares during the period. FMR LLC lifted its position in shares of Photronics by 36.0% during the 3rd quarter. FMR LLC now owns 135,208 shares of the semiconductor company’s stock valued at $3,348,000 after buying an additional 35,825 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Photronics in the 3rd quarter valued at $730,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

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.