Walter M. Fiederowicz Sells 5,000 Shares of Photronics, Inc. (NASDAQ:PLAB) Stock

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $19.16, for a total value of $95,800.00. Following the transaction, the director now owns 24,548 shares in the company, valued at $470,339.68. This trade represents a 16.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Photronics Price Performance

NASDAQ:PLAB opened at $17.51 on Friday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 8.38 and a beta of 1.43. Photronics, Inc. has a one year low of $16.78 and a one year high of $31.60. The company’s 50-day simple moving average is $21.50 and its 200 day simple moving average is $23.34.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The firm had revenue of $212.14 million for the quarter, compared to analysts’ expectations of $210.00 million. During the same period in the previous year, the firm posted $0.48 EPS. On average, equities research analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Photronics

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in Photronics by 17.6% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 516 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Photronics by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company’s stock worth $896,000 after buying an additional 690 shares in the last quarter. Bridge City Capital LLC grew its holdings in shares of Photronics by 0.8% during the fourth quarter. Bridge City Capital LLC now owns 90,245 shares of the semiconductor company’s stock valued at $2,126,000 after buying an additional 708 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Photronics by 216.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 762 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Photronics by 9.2% during the fourth quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 785 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson upped their price target on Photronics from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th.

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.