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 Photronics stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $17.79, for a total transaction of $88,950.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $88,950. This represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Photronics Stock Down 0.6 %

NASDAQ:PLAB traded down $0.11 during mid-day trading on Thursday, hitting $17.67. 691,084 shares of the company traded hands, compared to its average volume of 507,696. The stock’s fifty day moving average price is $20.55 and its 200-day moving average price is $22.94. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 8.45 and a beta of 1.40. Photronics, Inc. has a one year low of $16.46 and a one year high of $31.60.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The company had revenue of $212.14 million during the quarter, compared to analyst estimates of $210.00 million. During the same period in the prior year, the firm posted $0.48 EPS. Equities analysts predict that Photronics, Inc. will post 2.3 EPS for the current year.

Institutional Trading of Photronics

Several institutional investors and hedge funds have recently modified their holdings of PLAB. Smartleaf Asset Management LLC boosted its holdings in Photronics by 216.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock worth $26,000 after buying an additional 762 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Photronics during the fourth quarter worth about $47,000. Parkside Financial Bank & Trust lifted its holdings in Photronics by 65.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 904 shares in the last quarter. Menard Financial Group LLC purchased a new stake in Photronics during the 4th quarter valued at approximately $66,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Photronics by 17.6% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock worth $81,000 after buying an additional 516 shares in the last quarter. 88.38% of the stock is currently owned by 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.