Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz Sells 5,000 Shares

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $19.16, for a total transaction of $95,800.00. Following the completion of the transaction, the director now directly owns 24,548 shares of the company’s stock, valued at approximately $470,339.68. The trade was a 16.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Photronics Trading Down 3.6 %

Shares of NASDAQ PLAB opened at $17.51 on Friday. The business has a 50-day moving average of $21.50 and a 200-day moving average of $23.35. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.38 and a beta of 1.43. Photronics, Inc. has a 12 month low of $16.78 and a 12 month high of $31.60.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $212.14 million for the quarter, compared to analyst estimates of $210.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lifted their price objective on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp purchased a new position in shares of Photronics in the 3rd quarter worth about $252,000. Geode Capital Management LLC lifted its position in Photronics by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company’s stock worth $43,217,000 after buying an additional 85,160 shares during the last quarter. FMR LLC boosted its stake in Photronics by 36.0% in the third quarter. FMR LLC now owns 135,208 shares of the semiconductor company’s stock worth $3,348,000 after buying an additional 35,825 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Photronics by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,007,582 shares of the semiconductor company’s stock valued at $23,739,000 after acquiring an additional 40,579 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Photronics during the fourth quarter worth approximately $298,000. Institutional investors own 88.38% of the company’s stock.

Photronics Company Profile

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.