Photronics, Inc. (NASDAQ:PLAB) CFO Sean T. Smith sold 18,750 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $9.48, for a total value of $177,750.00. Following the completion of the sale, the chief financial officer now owns 159,108 shares in the company, valued at approximately $1,508,343.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Photronics (NASDAQ:PLAB) last issued its earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $111.60 million during the quarter, compared to the consensus estimate of $115.14 million. Photronics had a return on equity of 1.33% and a net margin of 2.97%. During the same period in the prior year, the company posted $0.12 EPS.

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Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings 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 valued at $16,601,000 after purchasing an additional 1,666,037 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Photronics by 3.4% during the 1st quarter. Swiss National Bank now owns 112,400 shares of the semiconductor company’s stock valued at $1,203,000 after purchasing an additional 3,700 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Photronics by 35.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 231,428 shares of the semiconductor company’s stock valued at $2,176,000 after purchasing an additional 60,668 shares during the last quarter. D.A. Davidson & CO. boosted its holdings 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 valued at $3,796,000 after purchasing an additional 389,610 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Photronics by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 499,103 shares of the semiconductor company’s stock valued at $4,692,000 after purchasing an additional 23,394 shares during the last quarter. 96.04% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on PLAB shares. BidaskClub upgraded Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research downgraded Photronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold”.

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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