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 stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $24.63, for a total transaction of $277,087.50. Following the sale, the senior vice president now directly owns 118,000 shares in the company, valued at $2,906,340. This trade represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was 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, hitting $24.22. The company’s stock had a trading volume of 496,229 shares, compared to its average volume of 569,666. Photronics, Inc. has a twelve month low of $20.25 and a twelve month high of $34.16. The firm has a market capitalization of $1.53 billion, a P/E ratio of 11.59 and a beta of 1.39. The stock has a fifty day moving average of $24.67 and a 200 day moving average of $24.35.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The company had revenue of $222.60 million for the quarter, compared to the consensus estimate of $218.00 million. During the same quarter in the prior year, the business posted $0.60 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current year.

Hedge Funds Weigh In On Photronics

Several institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its position 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 valued at $30,000 after acquiring an additional 701 shares during the period. Nisa Investment Advisors LLC grew 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 valued at $36,000 after purchasing an additional 567 shares during the period. Quarry LP increased its stake in Photronics by 223.4% in the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 1,816 shares in the last quarter. GAMMA Investing LLC raised its holdings in Photronics by 65.8% in 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 period. Finally, Palouse Capital Management Inc. bought a new position in shares of Photronics during the second quarter worth $75,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PLAB shares. StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 28th. DA Davidson lifted their price objective on Photronics from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th.

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.