Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz Sells 7,548 Shares

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 7,548 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $17.87, for a total value of $134,882.76. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $178,700. This represents a 43.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Photronics Trading Down 0.6 %

Shares of Photronics stock traded down $0.11 during mid-day trading on Thursday, reaching $17.67. 691,084 shares of the stock were exchanged, compared to its average volume of 507,696. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $31.60. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 8.45 and a beta of 1.40. The firm has a 50-day simple moving average of $20.55 and a 200 day simple moving average of $22.94.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (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 company had revenue of $212.14 million during the quarter, compared to analysts’ expectations of $210.00 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, research analysts predict that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC bought a new position in shares of Photronics in the third quarter worth about $237,000. State Street Corp lifted its holdings in Photronics by 0.4% during the 3rd quarter. State Street Corp now owns 2,368,450 shares of the semiconductor company’s stock worth $58,643,000 after buying an additional 10,590 shares in the last quarter. Barclays PLC boosted its position in Photronics by 297.2% in the 3rd quarter. Barclays PLC now owns 114,133 shares of the semiconductor company’s stock valued at $2,826,000 after buying an additional 85,397 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Photronics in the 3rd quarter valued at $252,000. Finally, Geode Capital Management LLC raised its position in shares of Photronics by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company’s stock worth $43,217,000 after acquiring an additional 85,160 shares during the last quarter. 88.38% of the stock is owned by institutional investors.

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.