Shares of Photronics, Inc. (NASDAQ:PLAB) have earned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.00.

Several research firms have recently weighed in on PLAB. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub downgraded Photronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, ValuEngine raised Photronics from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.

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Photronics (NASDAQ:PLAB) opened at 8.00 on Friday. The stock has a 50 day moving average price of $8.53 and a 200-day moving average price of $10.02. The firm has a market capitalization of $548.20 million, a price-to-earnings ratio of 42.11 and a beta of 0.52. Photronics has a one year low of $7.55 and a one year high of $12.10.

Photronics (NASDAQ:PLAB) last posted its earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Photronics had a net margin of 2.97% and a return on equity of 1.33%. The firm had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, analysts predict that Photronics will post $0.19 earnings per share for the current fiscal year.

In related news, VP Christopher J. Progler sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $10.05, for a total value of $40,200.00. Following the transaction, the vice president now owns 78,900 shares in the company, valued at approximately $792,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.71% of the company’s stock.

A number of hedge funds have recently modified their holdings of PLAB. Teachers Advisors LLC increased its position in Photronics by 2.5% in the 4th quarter. Teachers Advisors LLC now owns 106,153 shares of the semiconductor company’s stock valued at $1,200,000 after acquiring an additional 2,560 shares during the period. Russell Investments Group Ltd. increased its position in Photronics by 39.0% in the 1st quarter. Russell Investments Group Ltd. now owns 170,760 shares of the semiconductor company’s stock valued at $1,827,000 after acquiring an additional 47,897 shares during the period. Bank of New York Mellon Corp increased its position in Photronics by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,803,629 shares of the semiconductor company’s stock valued at $19,300,000 after acquiring an additional 45,821 shares during the period. Swiss National Bank increased its position in Photronics by 3.4% in the 1st quarter. Swiss National Bank now owns 112,400 shares of the semiconductor company’s stock valued at $1,203,000 after acquiring an additional 3,700 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Photronics by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 502,429 shares of the semiconductor company’s stock valued at $5,376,000 after acquiring an additional 12,569 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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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