Photronics, Inc. (NASDAQ:PLAB) – Investment analysts at DA Davidson reduced their Q1 2018 earnings per share (EPS) estimates for Photronics in a research note issued on Wednesday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.06. DA Davidson currently has a “Buy” rating and a $13.00 target price on the stock. DA Davidson also issued estimates for Photronics’ Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.15 EPS, FY2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $0.95 EPS.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Photronics from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub cut shares of Photronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.

Photronics (NASDAQ:PLAB) traded down $0.80 during trading hours on Friday, hitting $9.65. 769,900 shares of the stock were exchanged, compared to its average volume of 573,431. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.59 and a current ratio of 5.91. Photronics has a fifty-two week low of $7.55 and a fifty-two week high of $12.10. The firm has a market cap of $675.60, a PE ratio of 55.00, a PEG ratio of 1.95 and a beta of 0.54.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. Photronics had a net margin of 2.97% and a return on equity of 1.33%. The company had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $112.17 million. During the same period in the previous year, the company posted $0.05 EPS. Photronics’s revenue was up 12.7% compared to the same quarter last year.

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of Photronics by 0.5% in the 1st quarter. Bank of America Corp DE now owns 55,456 shares of the semiconductor company’s stock worth $593,000 after buying an additional 271 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Photronics by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 15,818 shares of the semiconductor company’s stock worth $149,000 after buying an additional 679 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Photronics by 5.1% in the 2nd quarter. Principal Financial Group Inc. now owns 14,915 shares of the semiconductor company’s stock worth $140,000 after buying an additional 720 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of Photronics by 5.7% in the 2nd quarter. Engineers Gate Manager LP now owns 27,627 shares of the semiconductor company’s stock worth $260,000 after buying an additional 1,481 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Photronics by 3.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,194 shares of the semiconductor company’s stock worth $491,000 after buying an additional 1,579 shares in the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.

In related news, insider Sean T. Smith sold 18,750 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $9.19, for a total value of $172,312.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Sean T. Smith sold 25,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $9.19, for a total transaction of $229,750.00. Following the completion of the sale, the senior vice president now owns 165,358 shares in the company, valued at $1,519,640.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,500 shares of company stock worth $642,213. Corporate insiders own 3.71% 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.

Earnings History and Estimates for Photronics (NASDAQ:PLAB)

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