Photronics, Inc. (NASDAQ:PLAB) CEO Sells $209,000.00 in Stock

Photronics, Inc. (NASDAQ:PLAB - Get Free Report) CEO Kang Jyh Lee sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $20.90, for a total value of $209,000.00. Following the transaction, the chief executive officer now owns 552,100 shares of the company's stock, valued at $11,538,890. This represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kang Jyh Lee also recently made the following trade(s):

• On Thursday, January 16th, Kang Jyh Lee sold 8,750 shares of Photronics stock. The shares were sold at an average price of $24.40, for a total value of $213,500.00.
• On Monday, January 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00.
• On Thursday, January 2nd, Kang Jyh Lee sold 17,500 shares of Photronics stock. The shares were sold at an average price of $24.10, for a total transaction of $421,750.00.
• On Tuesday, December 24th, Kang Jyh Lee sold 17,500 shares of Photronics stock. The shares were sold at an average price of $24.00, for a total transaction of $420,000.00.
• On Thursday, December 19th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The shares were sold at an average price of $25.27, for a total value of $505,400.00.

Photronics Price Performance

Shares of NASDAQ PLAB traded down $0.14 during midday trading on Tuesday, reaching $20.79. 317,452 shares of the company traded hands, compared to its average volume of 448,510. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 9.94 and a beta of 1.43. The stock has a 50-day moving average price of $22.72 and a 200 day moving average price of $23.73. Photronics, Inc. has a 52 week low of $19.61 and a 52 week high of $31.60.

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Photronics (NASDAQ:PLAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The company had revenue of $212.14 million during the quarter, compared to analyst estimates of $210.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. During the same period in the prior year, the business posted $0.48 EPS. As a group, analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.

Analyst Ratings Changes

Separately, DA Davidson increased their price objective on Photronics from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, December 12th.

Institutional Trading of Photronics

Several institutional investors have recently modified their holdings of PLAB. Creative Planning bought a new stake in Photronics in the third quarter worth about $250,000. Nisa Investment Advisors LLC raised its holdings in shares of Photronics by 65.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 567 shares in the last quarter. US Bancorp DE lifted its stake in Photronics by 137.2% during the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 701 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Photronics by 21.9% during the third quarter. Farther Finance Advisors LLC now owns 5,930 shares of the semiconductor company's stock worth $147,000 after buying an additional 1,066 shares in the last quarter. Finally, Easterly Investment Partners LLC grew its position in Photronics by 17.8% in the third quarter. Easterly Investment Partners LLC now owns 411,188 shares of the semiconductor company's stock worth $10,181,000 after buying an additional 62,201 shares during the last quarter. Institutional investors and hedge funds own 88.38% of the company's stock.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.