Photronics, Inc. (PLAB) CEO Peter S. Kirlin Sells 2,500 Shares
Photronics, Inc. (NASDAQ:PLAB) CEO Peter S. Kirlin sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $8.60, for a total value of $21,500.00. Following the completion of the sale, the chief executive officer now owns 147,495 shares of the company’s stock, valued at approximately $1,268,457. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Photronics, Inc. (NASDAQ PLAB) traded up $0.10 during mid-day trading on Thursday, hitting $8.75. The company’s stock had a trading volume of 310,498 shares, compared to its average volume of 414,600. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.49 and a quick ratio of 5.20. Photronics, Inc. has a 52 week low of $7.55 and a 52 week high of $11.95. The company has a market cap of $593.85, a P/E ratio of 43.75, a P/E/G ratio of 2.15 and a beta of 0.55.
Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.08 EPS for the quarter, topping 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 company had revenue of $121.00 million during the quarter, compared to the consensus estimate of $112.17 million. During the same quarter last year, the company earned $0.05 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. equities analysts expect that Photronics, Inc. will post 0.4 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA lifted its position in shares of Photronics by 61.9% during the 2nd quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock worth $103,000 after buying an additional 4,203 shares during the period. Group One Trading L.P. lifted its position in shares of Photronics by 90.8% during the 3rd quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock worth $106,000 after buying an additional 5,700 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in shares of Photronics during the 3rd quarter worth approximately $114,000. Wolverine Trading LLC bought a new position in shares of Photronics during the 3rd quarter worth approximately $117,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Photronics by 78.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock worth $125,000 after buying an additional 5,844 shares during the period. Institutional investors and hedge funds own 94.65% 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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