Insider Selling: Photronics, Inc. (PLAB) VP Sells 4,000 Shares of Stock
Photronics, Inc. (NASDAQ:PLAB) VP Christopher J. Progler sold 4,000 shares of Photronics stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $9.55, for a total value of $38,200.00. Following the transaction, the vice president now directly owns 78,900 shares in the company, valued at approximately $753,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Photronics, Inc. (NASDAQ:PLAB) traded down $0.20 during trading hours on Tuesday, hitting $9.00. The stock had a trading volume of 522,565 shares, compared to its average volume of 573,894. The firm has a market capitalization of $654.92, a price-to-earnings ratio of 47.50, a P/E/G ratio of 2.38 and a beta of 0.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.20 and a current ratio of 5.49. Photronics, Inc. has a 1-year low of $7.55 and a 1-year high of $12.10.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $121.00 million for the quarter, compared to the consensus estimate of $112.17 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. analysts expect that Photronics, Inc. will post 0.4 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA boosted its stake in shares of Photronics by 61.9% in the second quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 4,203 shares in the last quarter. Group One Trading L.P. boosted its stake in shares of Photronics by 90.8% in the third quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 5,700 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Photronics in the third quarter valued at approximately $114,000. Wolverine Trading LLC purchased a new stake in shares of Photronics in the third quarter valued at approximately $117,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Photronics by 78.4% in the second quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 5,844 shares in the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.
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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