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 business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $21.63, for a total transaction of $216,300.00. Following the completion of the transaction, the director now owns 29,548 shares in the company, valued at $639,123.24. This trade represents a 25.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Photronics Stock Down 1.8 %

PLAB stock opened at $21.28 on Friday. The business has a 50 day moving average of $22.02 and a 200-day moving average of $23.48. The firm has a market cap of $1.35 billion, a PE ratio of 10.18 and a beta of 1.43. Photronics, Inc. has a 12-month low of $19.61 and a 12-month high of $31.60.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The business had revenue of $212.14 million for the quarter, compared to the consensus estimate of $210.00 million. During the same quarter in the prior year, the business 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.

Wall Street Analyst Weigh In

Separately, DA Davidson raised their target price on 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

Several hedge funds and other institutional investors have recently modified their holdings of PLAB. GAMMA Investing LLC boosted its position in shares of Photronics by 17.6% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 516 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Photronics by 1.8% during 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 increased its stake in Photronics by 0.8% in the 4th 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 during the period. Smartleaf Asset Management LLC increased its stake in shares of Photronics by 216.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock worth $26,000 after buying an additional 762 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Photronics by 9.2% in the fourth 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 during the period. 88.38% of the stock is currently owned by 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.