Photronics, Inc. (NASDAQ:PLAB) SVP Han Kyung Park Sells 11,250 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) SVP Han Kyung Park sold 11,250 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $24.63, for a total value of $277,087.50. Following the sale, the senior vice president now directly owns 118,000 shares in the company, valued at approximately $2,906,340. This represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Han Kyung Park also recently made the following trade(s):

• On Tuesday, December 24th, Han Kyung Park sold 11,250 shares of Photronics stock. The shares were sold at an average price of $23.80, for a total transaction of $267,750.00.

Photronics Trading Down 1.0 %

Shares of NASDAQ:PLAB opened at $24.22 on Thursday. Photronics, Inc. has a twelve month low of $20.25 and a twelve month high of $34.16. The firm has a market cap of $1.53 billion, a P/E ratio of 11.59 and a beta of 1.39. The company has a 50 day moving average of $24.68 and a 200-day moving average of $24.35.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The business had revenue of $222.60 million during the quarter, compared to analyst estimates of $218.00 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. Equities research analysts forecast that Photronics, Inc. will post 2.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com upgraded Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 28th. DA Davidson lifted their price target on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, December 12th.

Institutional Investors Weigh In On Photronics

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE grew its position in Photronics by 137.2% in the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 701 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Photronics by 65.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 567 shares in the last quarter. Quarry LP increased its position in Photronics by 223.4% during the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after buying an additional 1,816 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Photronics by 65.8% in the third quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock worth $73,000 after buying an additional 1,164 shares during the last quarter. Finally, Palouse Capital Management Inc. bought a new stake in Photronics during the second quarter worth approximately $75,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.