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

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 10,000 shares of Photronics stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $21.63, for a total value of $216,300.00. Following the sale, the director now directly owns 29,548 shares in the company, valued at approximately $639,123.24. This trade represents a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Photronics Trading Up 0.6 %

PLAB stock opened at $21.68 on Thursday. Photronics, Inc. has a 1-year low of $19.61 and a 1-year high of $31.60. The business’s 50 day moving average is $22.08 and its 200-day moving average is $23.49. The firm has a market cap of $1.38 billion, a P/E ratio of 10.37 and a beta of 1.43.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. The company had revenue of $212.14 million for the quarter, compared to the consensus estimate of $210.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. During the same quarter in the previous year, the company earned $0.48 EPS. Sell-side analysts forecast that Photronics, Inc. will post 2.3 EPS for the current year.

Institutional Investors Weigh In On Photronics

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Photronics by 17.6% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 516 shares in 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. Bridge City Capital LLC lifted its position in Photronics by 0.8% during the 4th quarter. Bridge City Capital LLC now owns 90,245 shares of the semiconductor company’s stock worth $2,126,000 after buying an additional 708 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Photronics by 216.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 762 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Photronics by 9.2% in the 4th quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 785 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

About Photronics

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.