Photronics, Inc. (NASDAQ:PLAB) Director Sells $22,800.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) Director Mitchell G. Tyson sold 1,900 shares of Photronics stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $12.00, for a total value of $22,800.00. Following the transaction, the director now directly owns 76,029 shares in the company, valued at $912,348. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ PLAB opened at $11.66 on Tuesday. The company has a market capitalization of $783.18 million, a P/E ratio of 20.09 and a beta of 0.46. Photronics, Inc. has a 52-week low of $7.95 and a 52-week high of $12.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.39 and a current ratio of 2.64. The company’s 50 day moving average price is $11.82 and its 200-day moving average price is $9.96.

Several large investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in Photronics during the second quarter worth $66,000. Voit & Company LLC lifted its holdings in Photronics by 21.8% in the third quarter. Voit & Company LLC now owns 13,950 shares of the semiconductor company’s stock valued at $152,000 after buying an additional 2,500 shares during the period. Ellington Management Group LLC acquired a new position in Photronics in the second quarter valued at $123,000. Eqis Capital Management Inc. bought a new stake in Photronics during the third quarter valued at $167,000. Finally, Bailard Inc. bought a new stake in Photronics during the third quarter valued at $183,000. 94.96% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on PLAB shares. Zacks Investment Research cut Photronics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Northland Securities set a $15.00 price objective on Photronics and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, BidaskClub lowered Photronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $13.00.

Photronics Company Profile

Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.

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Insider Buying and Selling by Quarter for Photronics (NASDAQ:PLAB)

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