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 on Tuesday, January 7th. The stock was sold at an average price of $24.63, for a total value of $277,087.50. Following the completion of the transaction, the senior vice president now directly owns 118,000 shares of the company’s stock, valued at approximately $2,906,340. This trade represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Stock Down 1.0 %

NASDAQ:PLAB traded down $0.25 during trading hours on Wednesday, reaching $24.22. The company had a trading volume of 496,229 shares, compared to its average volume of 569,666. The stock has a 50-day moving average of $24.67 and a two-hundred day moving average of $24.35. Photronics, Inc. has a one year low of $20.25 and a one year high of $34.16. The firm has a market capitalization of $1.53 billion, a PE ratio of 11.59 and a beta of 1.39.

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 the consensus estimate 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 net margin of 15.07% and a return on equity of 9.10%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. As a group, sell-side analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Institutional Trading of Photronics

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings 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 worth $30,000 after acquiring an additional 701 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Photronics by 65.4% in 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. Quarry LP boosted its stake in Photronics by 223.4% in the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 1,816 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 worth $73,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in shares of Photronics in the second quarter valued at $75,000. 88.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PLAB. DA Davidson lifted their target price on shares of Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 28th.

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.