Photronics, Inc. (NASDAQ:PLAB) CEO Kang Jyh Lee Sells 10,000 Shares

Photronics, Inc. (NASDAQ:PLAB) CEO Kang Jyh Lee sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 552,100 shares in the company, valued at approximately $11,538,890. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $213,500.00.
• On Monday, January 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were 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 stock was 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 stock was 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 transaction of $505,400.00.

Photronics Stock Up 3.2 %

NASDAQ:PLAB opened at $21.71 on Friday. The company has a market cap of $1.38 billion, a P/E ratio of 10.39 and a beta of 1.43. Photronics, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $31.60. The firm’s 50 day moving average is $22.77 and its two-hundred day moving average is $23.75.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 last year, the business earned $0.48 EPS. Research analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning acquired a new position in Photronics during the 3rd quarter valued at $250,000. Nisa Investment Advisors LLC raised its stake in Photronics by 65.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 567 shares during the last quarter. US Bancorp DE raised its stake in Photronics by 137.2% during 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 during the last quarter. Farther Finance Advisors LLC increased its holdings in Photronics by 21.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,930 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 1,066 shares during the period. Finally, Easterly Investment Partners LLC increased its holdings in Photronics by 17.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 411,188 shares of the semiconductor company’s stock valued at $10,181,000 after buying an additional 62,201 shares during the period. 88.38% of the stock is owned by hedge funds and other institutional investors.

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.