Han Kyung Park Sells 11,250 Shares of Photronics, Inc. (NASDAQ:PLAB) Stock

Photronics, Inc. (NASDAQ:PLAB) SVP Han Kyung Park sold 11,250 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $24.63, for a total transaction of $277,087.50. Following the sale, the senior vice president now owns 118,000 shares of the company’s stock, valued at $2,906,340. This trade represents a 8.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Han Kyung Park also recently made the following trade(s):

• On Tuesday, December 24th, Han Kyung Park sold 11,250 shares of Photronics stock. The shares were sold at an average price of $23.80, for a total transaction of $267,750.00.

Photronics Trading Down 1.0 %

Photronics stock opened at $24.22 on Friday. Photronics, Inc. has a 1-year low of $20.25 and a 1-year high of $34.16. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.59 and a beta of 1.39. The firm has a 50 day simple moving average of $24.71 and a 200 day simple moving average of $24.35.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The business had revenue of $222.60 million for the quarter, compared to analyst estimates of $218.00 million. During the same quarter in the prior year, the firm posted $0.60 EPS. Photronics’s revenue was down 2.2% on a year-over-year basis. On average, equities research analysts forecast that Photronics, Inc. will post 2.3 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on PLAB. StockNews.com upgraded Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 28th. DA Davidson upped their price target on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.

Institutional Trading of Photronics

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of Photronics by 137.2% in the 3rd 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 in the last quarter. Nisa Investment Advisors LLC grew its holdings in 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 acquiring an additional 567 shares during the last quarter. Quarry LP grew its holdings in Photronics by 223.4% in the 2nd quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 1,816 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Photronics by 65.8% during the third quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Palouse Capital Management Inc. purchased a new stake in shares of Photronics during the second quarter worth about $75,000. 88.38% of the stock is owned by institutional investors.

Photronics Company Profile

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.