Photronics, Inc. (NASDAQ:PLAB) – Equities research analysts at DA Davidson decreased their Q4 2018 earnings per share estimates for Photronics in a note issued to investors on Wednesday. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will earn $0.19 per share for the quarter, down from their previous estimate of $0.21. DA Davidson has a “Buy” rating and a $13.00 price target on the stock.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The company had revenue of $121.00 million for the quarter, compared to analyst estimates of $112.17 million. During the same quarter last year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Several other equities analysts have also issued reports on PLAB. BidaskClub lowered Photronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th.

Shares of Photronics (NASDAQ PLAB) traded up $0.12 on Monday, hitting $9.12. The stock had a trading volume of 660,076 shares, compared to its average volume of 574,261. Photronics has a one year low of $7.55 and a one year high of $12.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.20 and a current ratio of 5.49. The company has a market cap of $620.45, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 2.30 and a beta of 0.53.

In related news, VP Christopher J. Progler sold 4,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $8.85, for a total transaction of $35,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Richelle E. Burr sold 3,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $9.00, for a total value of $27,000.00. Following the sale, the vice president now owns 45,109 shares in the company, valued at approximately $405,981. The disclosure for this sale can be found here. In the last quarter, insiders bought 5,000 shares of company stock worth $41,050 and sold 86,000 shares worth $798,288. Company insiders own 3.71% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in 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 acquiring an additional 1,666,037 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Photronics by 35.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 231,428 shares of the semiconductor company’s stock worth $2,176,000 after buying an additional 60,668 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Photronics by 2,734.1% in the 2nd quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock valued at $3,796,000 after purchasing an additional 389,610 shares during the period. SG Americas Securities LLC acquired a new position in shares of Photronics in the 3rd quarter valued at about $1,191,000. Finally, Palouse Capital Management Inc. increased its position in Photronics by 118.1% in the 3rd quarter. Palouse Capital Management Inc. now owns 33,458 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 18,115 shares in the last quarter. Institutional investors and hedge funds own 94.71% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://theolympiareport.com/2017/12/06/brokers-set-expectations-for-photronics-inc-s-q4-2018-earnings-plab.html.

About Photronics

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.

Earnings History and Estimates for Photronics (NASDAQ:PLAB)

Receive News & Ratings for Photronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.