Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz Sells 7,548 Shares

Photronics, Inc. (NASDAQ:PLAB) Director Walter M. Fiederowicz sold 7,548 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $17.87, for a total value of $134,882.76. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $178,700. The trade was a 43.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Photronics Stock Down 0.6 %

NASDAQ:PLAB opened at $17.67 on Friday. The company’s 50 day moving average is $20.35 and its 200-day moving average is $22.85. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $31.60. 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 (NASDAQ:PLAB) last announced its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 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 firm had revenue of $212.14 million for the quarter, compared to the consensus estimate of $210.00 million. During the same quarter last year, the firm posted $0.48 EPS. Research analysts predict that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Institutional Trading of Photronics

Several hedge funds have recently added to or reduced their stakes in PLAB. GAMMA Investing LLC lifted its holdings in shares of Photronics by 17.6% during 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 during the last quarter. SummerHaven Investment Management LLC boosted its holdings in Photronics by 2.1% in the 1st quarter. SummerHaven Investment Management LLC now owns 30,540 shares of the semiconductor company’s stock valued at $634,000 after purchasing an additional 625 shares during the period. Envestnet Asset Management Inc. grew its position in Photronics by 1.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company’s stock worth $896,000 after purchasing an additional 690 shares during the last quarter. Bridge City Capital LLC increased its holdings in shares of Photronics by 0.8% during the 4th quarter. Bridge City Capital LLC now owns 90,245 shares of the semiconductor company’s stock worth $2,126,000 after purchasing an additional 708 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Photronics by 216.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 762 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.

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.