Photronics, Inc. (NASDAQ:PLAB)’s share price shot up 5.3% during trading on Monday . The company traded as high as $7.90 and last traded at $7.90. 964,234 shares were traded during mid-day trading, an increase of 70% from the average session volume of 566,443 shares. The stock had previously closed at $7.50.

A number of research firms have commented on PLAB. ValuEngine downgraded shares of Photronics from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. DA Davidson reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Photronics in a report on Monday, November 27th. BidaskClub downgraded shares of Photronics from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research downgraded shares of Photronics from a “hold” rating to a “strong sell” rating in a report on Saturday, December 2nd.

The company has a current ratio of 5.49, a quick ratio of 5.20 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $517.89, a P/E ratio of 37.50, a PEG ratio of 1.88 and a beta of 0.52.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $121.00 million for 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% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. equities analysts expect that Photronics, Inc. will post 0.4 earnings per share for the current fiscal year.

In other Photronics news, VP Richelle E. Burr sold 4,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $9.00, for a total value of $36,000.00. Following the sale, the vice president now directly owns 41,109 shares in the company, valued at $369,981. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sean T. Smith sold 12,500 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were 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 in the company, valued at $1,441,450.94. The disclosure for this sale can be found here. Insiders sold 49,040 shares of company stock worth $452,165 over the last quarter. 3.71% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of PLAB. BlackRock Inc. lifted its stake in Photronics by 99.7% in the fourth quarter. BlackRock Inc. now owns 8,932,962 shares of the semiconductor company’s stock valued at $76,153,000 after buying an additional 4,458,990 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Photronics by 4,703.6% during the third quarter. Wedge Capital Management L L P NC now owns 1,444,626 shares of the semiconductor company’s stock valued at $12,785,000 after purchasing an additional 1,414,552 shares in the last quarter. Cortina Asset Management LLC bought a new stake in shares of Photronics during the fourth quarter valued at about $3,964,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Photronics by 106.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 842,037 shares of the semiconductor company’s stock valued at $7,178,000 after purchasing an additional 434,174 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Photronics by 30.9% during the second quarter. Northern Trust Corp now owns 1,645,280 shares of the semiconductor company’s stock valued at $15,466,000 after purchasing an additional 388,133 shares in the last quarter. Institutional investors own 94.39% 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.

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