John P. Jordan Acquires 3,000 Shares of Photronics, Inc. (PLAB) Stock

Photronics, Inc. (NASDAQ:PLAB) CFO John P. Jordan acquired 3,000 shares of Photronics stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average price of $7.85 per share, with a total value of $23,550.00. Following the purchase, the chief financial officer now owns 31,000 shares in the company, valued at $243,350. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Photronics, Inc. (NASDAQ PLAB) traded up 1.91% on Friday, hitting $8.00. 1,644,544 shares of the company traded hands. The stock’s 50-day moving average is $8.53 and its 200 day moving average is $10.02. Photronics, Inc. has a 12 month low of $7.55 and a 12 month high of $12.10. The firm has a market capitalization of $548.20 million, a P/E ratio of 42.11 and a beta of 0.52.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Photronics had a return on equity of 1.33% and a net margin of 2.97%. The firm had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. During the same quarter in the prior year, the firm earned $0.12 EPS. Equities analysts forecast that Photronics, Inc. will post $0.19 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Photronics by 0.5% in the first quarter. Bank of America Corp DE now owns 55,456 shares of the semiconductor company’s stock worth $593,000 after acquiring an additional 271 shares during the last quarter. Legal & General Group Plc lifted its stake in Photronics by 4.5% in the second quarter. Legal & General Group Plc now owns 15,818 shares of the semiconductor company’s stock worth $149,000 after acquiring an additional 679 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Photronics by 5.1% in the second quarter. Principal Financial Group Inc. now owns 14,915 shares of the semiconductor company’s stock worth $140,000 after acquiring an additional 720 shares during the last quarter. Engineers Gate Manager LP lifted its stake in Photronics by 5.7% in the second quarter. Engineers Gate Manager LP now owns 27,627 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 1,481 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Photronics by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 52,194 shares of the semiconductor company’s stock worth $491,000 after acquiring an additional 1,579 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

Several research firms recently commented on PLAB. Zacks Investment Research lowered shares of Photronics from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. ValuEngine upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

About Photronics

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.

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

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