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 company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $8.47, for a total value of $42,350.00. Following the transaction, the director now owns 53,500 shares of the company’s stock, valued at $453,145. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Photronics stock opened at $8.13 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.42 and a current ratio of 2.67. The firm has a market capitalization of $541.89 million, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.95 and a beta of 0.60. The company has a fifty day moving average price of $8.31. Photronics, Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $11.58.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $130.05 million. Photronics had a return on equity of 4.10% and a net margin of 7.30%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. As a group, equities research analysts expect that Photronics, Inc. will post 0.42 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund lifted its holdings in shares of Photronics by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 44,752 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 1,722 shares during the last quarter. Brandywine Global Investment Management LLC lifted its holdings in shares of Photronics by 6.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 36,670 shares of the semiconductor company’s stock valued at $355,000 after purchasing an additional 2,170 shares during the last quarter. Stone Ridge Asset Management LLC lifted its holdings in shares of Photronics by 6.2% during the fourth quarter. Stone Ridge Asset Management LLC now owns 47,926 shares of the semiconductor company’s stock valued at $464,000 after purchasing an additional 2,808 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Photronics by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 555,216 shares of the semiconductor company’s stock valued at $5,374,000 after purchasing an additional 3,028 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Photronics by 10.4% during the first quarter. Strs Ohio now owns 75,200 shares of the semiconductor company’s stock valued at $710,000 after purchasing an additional 7,100 shares during the last quarter. 95.80% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on the company. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. TheStreet cut Zimmer Biomet from a “b-” rating to a “c” rating in a research note on Friday, June 7th. Finally, Zacks Investment Research cut Hanger from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th.

About Photronics

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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