Photronics, Inc. (NASDAQ:PLAB) CEO Sells $209,000.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) CEO Kang Jyh Lee sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total transaction of $209,000.00. Following the transaction, the chief executive officer now owns 552,100 shares of the company’s stock, valued at approximately $11,538,890. The trade was a 1.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Kang Jyh Lee also recently made the following trade(s):

• On Thursday, January 16th, Kang Jyh Lee sold 8,750 shares of Photronics stock. The stock was sold at an average price of $24.40, for a total transaction of $213,500.00.
• On Monday, January 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00.
• On Thursday, January 2nd, Kang Jyh Lee sold 17,500 shares of Photronics stock. The shares were sold at an average price of $24.10, for a total transaction of $421,750.00.
• On Tuesday, December 24th, Kang Jyh Lee sold 17,500 shares of Photronics stock. The shares were sold at an average price of $24.00, for a total transaction of $420,000.00.
• On Thursday, December 19th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The shares were sold at an average price of $25.27, for a total transaction of $505,400.00.

Photronics Price Performance

NASDAQ PLAB opened at $21.71 on Monday. Photronics, Inc. has a 1 year low of $19.61 and a 1 year high of $31.60. The company has a market capitalization of $1.38 billion, a PE ratio of 10.39 and a beta of 1.43. The company has a fifty day moving average of $22.77 and a two-hundred day moving average of $23.75.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The business had revenue of $212.14 million during the quarter, compared to analysts’ expectations of $210.00 million. During the same period in the prior year, the company earned $0.48 earnings per share. On average, research analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Analyst Ratings Changes

Separately, DA Davidson upped their price objective on shares of Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 12th.

Institutional Investors 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 holdings in shares of Photronics by 17.6% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 516 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Photronics by 65.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 567 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Photronics by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company’s stock valued at $896,000 after buying an additional 690 shares during the last quarter. US Bancorp DE raised its holdings in Photronics by 137.2% during the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 701 shares in the last quarter. Finally, Bridge City Capital LLC raised its holdings in Photronics by 0.8% during the fourth quarter. Bridge City Capital LLC now owns 90,245 shares of the semiconductor company’s stock worth $2,126,000 after purchasing an additional 708 shares in the last quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.

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.