Insider Selling: Photronics, Inc. (NASDAQ:PLAB) VP Sells 3,000 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) VP Richelle E. Burr sold 3,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $11.83, for a total transaction of $35,490.00. Following the completion of the sale, the vice president now directly owns 60,524 shares of the company’s stock, valued at approximately $715,998.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of PLAB stock traded down $0.38 during mid-day trading on Tuesday, hitting $11.27. 1,141,334 shares of the stock traded hands, compared to its average volume of 517,940. Photronics, Inc. has a twelve month low of $7.95 and a twelve month high of $12.63. The firm has a market cap of $762.05 million, a price-to-earnings ratio of 19.43 and a beta of 0.46. The company’s 50-day simple moving average is $11.82 and its 200-day simple moving average is $9.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.39 and a current ratio of 2.64.

A number of equities analysts recently issued reports on PLAB shares. Zacks Investment Research lowered shares of Photronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. BidaskClub downgraded shares of Photronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. Finally, Northland Securities set a $15.00 price target on shares of Photronics and gave the stock a “buy” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Photronics has an average rating of “Buy” and an average target price of $13.00.

Several institutional investors and hedge funds have recently bought and sold shares of PLAB. DekaBank Deutsche Girozentrale bought a new position in Photronics during the second quarter valued at about $66,000. Ellington Management Group LLC bought a new stake in shares of Photronics in the 2nd quarter worth approximately $123,000. Voit & Company LLC lifted its stake in Photronics by 21.8% during the third quarter. Voit & Company LLC now owns 13,950 shares of the semiconductor company’s stock valued at $152,000 after purchasing an additional 2,500 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Photronics during the second quarter valued at approximately $163,000. Finally, Eqis Capital Management Inc. bought a new stake in Photronics during the third quarter worth approximately $167,000. 94.96% of the stock is currently owned by institutional investors.

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.

Recommended Story: What are the Benefits of Index Funds?

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

Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.