Christopher J. Progler sells 3,000 shares of Photronics, Inc. (PLAB) stock



Photronics, Inc. (NASDAQ: PLAB) VP Christopher J. Progler sold 3,000 shares of the company's stock in a transaction dated on Tuesday, September 4. The shares were sold at an average price of $ 10.60 for a total transaction of $ 31,800.00. After the sale, the vice-president now holds 92,900 shares of the company's shares, worth approximately $ 984,740. The sale was announced in an application to the SEC, which is accessible via this hyperlink.

NASDAQ shares: PLAB fell $ 0.30 during trading on Wednesday and reached $ 10.35. 270,400 shares of the shares traded by the company, compared with the average volume of 496,053. Photronics, Inc. has a 12 month low of $ 7.20 and a 12 month high of $ 11.00. The company has a market capitalization of $ 748.30 million, a PE ratio of 54.74, a P / E / G ratio of 1.83 and a beta of 0.78.

Photronics (NASDAQ: PLAB) has most recently posted its results on Wednesday, August 22nd. The semiconductor company reported $ 0.17 per share (EPS) over the quarter and outperformed analysts' consensus estimates by $ 0.02 with $ 0.02. The company had sales of $ 136.39 million during the quarter compared with analyst estimates of $ 132.67 million. Photronics had a net margin of 6.83% and a return on equity of 3.65%. The turnover of Photronics increased by 22.2% on an annual basis. In the same period last year the company booked $ 0.06 EPS. analysts expect Photronics, Inc. 0.58 earnings per share will be booked for the current fiscal year.

Photronics stated that the board has initiated a share purchase plan on Friday, July 6, enabling the company to redeem $ 20.00 million in shares. With this repurchase authorization, the semiconductor manufacturer can purchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

PLAB has been the subject of a number of recent research reports. Stifel Nicolaus increased their price target on Photronics shares from $ 9.00 to $ 10.00 and gave the company a hold & # 39; credit rating in a research report on Wednesday, May 23. ValuEngine increased the shares of Photronics from a & # 39; sell & # 39; credit to a & # 39; hold & # 39; rating in a research report on Thursday 24 May. BidaskClub increased shares of Photronics from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; rating in a research report on Wednesday 30 May. Finally, Zacks Investment Research reduced the shares of Photronics from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a research report on Wednesday 25 July. Two investment analysts assessed the shares with a hold rating and three awarded a buy-rating to the company's shares. Photronics has a consensus score of & # 39; Buy & # 39; and an average price target of $ 11.67.

A number of institutional investors have recently bought and sold shares of the company. OppenheimerFunds Inc. increased the interest in Photronics by 19.0% in the second quarter. OppenheimerFunds Inc. now owns 36,100 shares of the semiconductor business share with a value of $ 288,000 after the purchase of an additional 5,776 shares during the period. Metropolitan Life Insurance Co. NY increased its share in the second quarter by 38.1% in Photronics. Metropolitan Life Insurance Co. NY now holds 26,501 shares in the share capital of the semiconductor company valued at $ 211,000 after the purchase of an additional 7,307 shares during the period. The Swiss national bank increased the interest in Photronics by 6.8% in the first quarter. Swiss National Bank now owns 120,000 shares in the share capital of the semiconductor company with a value of $ 990,000 after the purchase of another 7,600 shares during the period. SG Americas Securities LLC increased its shareholding by 46.1% in the second quarter in Photronics. SG Americas Securities LLC now owns 24,430 shares in the share capital of the semiconductor company with a value of $ 195,000 after the purchase of another 7,720 shares during the period. Finally, Legal & General Group Plc increased its interest in Photronics by 7.1% in the second quarter. Legal & General Group Plc now holds 138,111 shares of the semiconductor business share with a value of $ 1,091,000 after purchasing 9,149 additional shares during the period. 92.44% of the shares are owned by hedge funds and other institutional investors.

About Photronics

Photronics, Inc., together with its subsidiaries, manufactures and sells photo masks in Taiwan, Korea, the United States, Europe and internationally. The company offers photo masks, which are highly accurate photographic quartz plates with microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), and which are used as masters for transferring circuit patterns to semiconductor wafers and flat panel display substrates during the manufacture of integrated circuits, FPDs, and other types of electrical and optical components.

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Insider buying and selling quarterly for Photronics (NASDAQ: PLAB)

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