Photronics, Inc. (NASDAQ:PLAB) CEO Kang Jyh Lee Sells 10,000 Shares

Photronics, Inc. (NASDAQ:PLAB - Get Free Report) CEO Kang Jyh Lee sold 10,000 shares of Photronics stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $21.60, for a total transaction of $216,000.00. Following the sale, the chief executive officer now owns 542,100 shares of the company's stock, valued at approximately $11,709,360. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kang Jyh Lee also recently made the following trade(s):

• On Wednesday, March 5th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $20.90, for a total value of $209,000.00.

Photronics Trading Up 0.8 %

Shares of PLAB traded up $0.15 during midday trading on Thursday, reaching $18.42. The stock had a trading volume of 670,771 shares, compared to its average volume of 520,184. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.81 and a beta of 1.40. The company's 50-day moving average is $19.63 and its 200 day moving average is $22.48. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60.

Photronics (NASDAQ:PLAB - Get Free Report) last issued 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. The business had revenue of $212.14 million during the quarter, compared to analyst estimates of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Research analysts forecast that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Photronics

A number of large investors have recently added to or reduced their stakes in PLAB. GAMMA Investing LLC raised its position in Photronics by 17.6% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company's stock valued at $81,000 after purchasing an additional 516 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Photronics by 2.1% during the first quarter. SummerHaven Investment Management LLC now owns 30,540 shares of the semiconductor company's stock valued at $634,000 after buying an additional 625 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Photronics by 1.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company's stock valued at $896,000 after acquiring an additional 690 shares in the last quarter. Bridge City Capital LLC lifted its stake in Photronics by 0.8% in the fourth quarter. Bridge City Capital LLC now owns 90,245 shares of the semiconductor company's stock worth $2,126,000 after acquiring an additional 708 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Photronics by 216.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 762 shares in the last quarter. Hedge funds and other 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.