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 that occurred on Tuesday, January 7th. The shares were sold at an average price of $24.63, for a total value of $277,087.50. Following the completion of the sale, the senior vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 value of $267,750.00.

Photronics Stock Down 2.8 %

Shares of NASDAQ:PLAB opened at $23.53 on Friday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 11.26 and a beta of 1.39. Photronics, Inc. has a 12-month low of $20.25 and a 12-month high of $34.16. The business’s 50 day moving average is $24.72 and its 200 day moving average is $24.34.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th. DA Davidson lifted their target price 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 bought and sold shares of the business. US Bancorp DE lifted its holdings in Photronics by 137.2% during the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 701 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Photronics by 65.4% during the third 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 period. Quarry LP lifted its holdings in Photronics by 223.4% during the second 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 period. GAMMA Investing LLC lifted its holdings in Photronics by 65.8% during the third quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 1,164 shares during the period. Finally, Palouse Capital Management Inc. bought a new stake in Photronics during the second quarter worth $75,000. 88.38% of the stock is currently 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.