Photronics, Inc. (NASDAQ:PLAB) SVP Sean T. Smith sold 12,500 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $9.43, for a total value of $117,875.00. Following the completion of the sale, the senior vice president now owns 152,858 shares of the company’s stock, valued at $1,441,450.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Photronics, Inc. (NASDAQ:PLAB) traded down $0.20 during midday trading on Tuesday, hitting $9.00. The company had a trading volume of 522,565 shares, compared to its average volume of 573,894. The company has a quick ratio of 5.20, a current ratio of 5.49 and a debt-to-equity ratio of 0.07. The stock has a market cap of $654.92, a PE ratio of 47.50, a P/E/G ratio of 2.38 and a beta of 0.53. Photronics, Inc. has a 1 year low of $7.55 and a 1 year high of $12.10.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $112.17 million. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. analysts predict that Photronics, Inc. will post 0.4 EPS for the current year.

Several equities research analysts have weighed in on PLAB shares. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub cut Photronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, DA Davidson reiterated a “buy” rating and issued a $13.00 target price on shares of Photronics in a report on Monday, November 27th.

Several hedge funds and other institutional investors have recently modified their holdings of PLAB. Victory Capital Management Inc. lifted its stake in shares of Photronics by 1,665.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,766,054 shares of the semiconductor company’s stock worth $16,601,000 after purchasing an additional 1,666,037 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Photronics by 4,703.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,444,626 shares of the semiconductor company’s stock worth $12,785,000 after purchasing an additional 1,414,552 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in shares of Photronics by 18.8% during the 2nd quarter. Donald Smith & CO. Inc. now owns 5,267,874 shares of the semiconductor company’s stock worth $49,518,000 after purchasing an additional 835,254 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Photronics by 24.1% during the 2nd quarter. Alliancebernstein L.P. now owns 2,135,442 shares of the semiconductor company’s stock worth $20,073,000 after purchasing an additional 414,930 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Photronics by 2,734.1% during the 2nd quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock worth $3,796,000 after purchasing an additional 389,610 shares during the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.

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Photronics Company Profile

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.

Insider Buying and Selling by Quarter for Photronics (NASDAQ:PLAB)

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