Photronics, Inc. (NASDAQ:PLAB) VP Christopher J. Progler Sells 5,870 Shares

Photronics, Inc. (NASDAQ:PLAB) VP Christopher J. Progler sold 5,870 shares of Photronics stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $11.79, for a total transaction of $69,207.30. Following the completion of the transaction, the vice president now owns 109,795 shares of the company’s stock, valued at $1,294,483.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NASDAQ:PLAB traded up $0.46 during trading hours on Wednesday, hitting $11.73. The stock had a trading volume of 682,261 shares, compared to its average volume of 518,642. The company has a 50 day simple moving average of $11.85 and a two-hundred day simple moving average of $9.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.64 and a quick ratio of 2.39. Photronics, Inc. has a one year low of $7.95 and a one year high of $12.63. The firm has a market capitalization of $790.23 million, a price-to-earnings ratio of 20.22 and a beta of 0.46.

A number of large investors have recently made changes to their positions in PLAB. Strs Ohio boosted its holdings in Photronics by 9.4% in the 2nd quarter. Strs Ohio now owns 82,300 shares of the semiconductor company’s stock valued at $674,000 after purchasing an additional 7,100 shares during the period. Janney Montgomery Scott LLC bought a new position in Photronics in the 2nd quarter valued at $391,000. Aperio Group LLC boosted its holdings in Photronics by 13.5% in the 2nd quarter. Aperio Group LLC now owns 44,773 shares of the semiconductor company’s stock valued at $367,000 after purchasing an additional 5,317 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Photronics by 16.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 118,050 shares of the semiconductor company’s stock valued at $968,000 after purchasing an additional 16,720 shares during the period. Finally, DDD Partners LLC boosted its holdings in Photronics by 0.6% in the 2nd quarter. DDD Partners LLC now owns 1,124,126 shares of the semiconductor company’s stock valued at $9,218,000 after purchasing an additional 6,275 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Northland Securities set a $15.00 price objective on shares of Photronics and gave the company a “buy” rating in a research note on Monday, October 21st. Zacks Investment Research lowered shares of Photronics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, BidaskClub lowered shares of Photronics from a “buy” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target 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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