Peter S. Kirlin Sells 11,975 Shares of Photronics, Inc. (NASDAQ:PLAB) Stock

Photronics, Inc. (NASDAQ:PLAB) CEO Peter S. Kirlin sold 11,975 shares of the firm’s stock in a transaction that occurred on Tuesday, December 29th. The shares were sold at an average price of $10.97, for a total transaction of $131,365.75. Following the completion of the sale, the chief executive officer now owns 335,847 shares in the company, valued at $3,684,241.59. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NASDAQ:PLAB opened at $11.16 on Friday. The firm’s 50 day simple moving average is $11.44 and its 200 day simple moving average is $10.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.91 and a quick ratio of 2.60. Photronics, Inc. has a one year low of $8.31 and a one year high of $16.01. The company has a market cap of $732.81 million, a PE ratio of 19.24 and a beta of 0.79.

Photronics (NASDAQ:PLAB) last posted its earnings results on Tuesday, December 8th. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). Photronics had a return on equity of 4.00% and a net margin of 6.01%. The business had revenue of $149.30 million for the quarter, compared to analyst estimates of $153.87 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts expect that Photronics, Inc. will post 0.57 EPS for the current year.

PLAB has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Photronics from a “hold” rating to a “sell” rating in a research note on Friday, December 11th. Stifel Nicolaus upgraded shares of Photronics from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, September 11th. Finally, BidaskClub upgraded shares of Photronics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $13.00.

A number of large investors have recently bought and sold shares of PLAB. Prudential Financial Inc. boosted its position in Photronics by 232.5% during the 2nd quarter. Prudential Financial Inc. now owns 547,762 shares of the semiconductor company’s stock worth $6,096,000 after buying an additional 383,034 shares during the period. BlackRock Inc. lifted its position in shares of Photronics by 3.5% in the 3rd quarter. BlackRock Inc. now owns 9,864,941 shares of the semiconductor company’s stock worth $98,256,000 after purchasing an additional 333,535 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Photronics by 35.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 867,800 shares of the semiconductor company’s stock worth $8,643,000 after purchasing an additional 226,162 shares during the period. Morgan Stanley lifted its position in shares of Photronics by 62.8% in the 1st quarter. Morgan Stanley now owns 538,594 shares of the semiconductor company’s stock worth $5,525,000 after purchasing an additional 207,805 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Photronics by 222.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 257,335 shares of the semiconductor company’s stock worth $1,635,000 after purchasing an additional 177,476 shares during the period. Institutional investors and hedge funds own 92.66% of the company’s stock.

About Photronics

Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, China, 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 FDP 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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