BidaskClub cut shares of Photronics, Inc.
A number of other equities research analysts also recently commented on the stock. Finally, Zacks Investment Research upgraded shares of Ultratech from a "hold" rating to a "buy" rating and set a $34.00 price target on the stock in a research report on Thursday, April 27th. ValuEngine upgraded shares of Photronics from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company now has an average rating of "Hold" and an average target price of $12.83. (NASDAQ PLAB) traded down 0.52% during mid-day trading on Friday, hitting $9.50. The company had a trading volume of 307,714 shares. The company has a market cap of $654.28 million, a P/E ratio of 38.31 and a beta of 0.48.
Photronics, Inc. has a 52-week low of $8.20 and a 52-week high of $12.10. The company has a 50 day moving average price of $9.88 and a 200 day moving average price of $10.69.
Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, May 17th. The semiconductor company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by $0.02. The firm had revenue of $108.30 million during the quarter, compared to the consensus estimate of $111.16 million. Photronics had a net margin of 3.81% and a return on equity of 1.84%. Photronics's revenue for the quarter was down 11.9% on a year-over-year basis. As of the latest earnings report the EPS was $0.25 and is projected to be $0.28 for the current year with 68,872,000 shares now outstanding.
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In other news, VP Christopher J. Progler sold 4,000 shares of Photronics stock in a transaction on Tuesday, August 1st. The total value of its holdings decreased 10.1%. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Several institutional investors have recently bought and sold shares of PLAB. Virtu Financial LLC acquired a new position in shares of Ultratech during the first quarter valued at about $286,000. PNC Financial Services Group Inc. now owns 41,820 shares of the semiconductor company's stock worth $448,000 after buying an additional 2,104 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Photronics by 78.4% in the second quarter. Princeton Alpha Management LP now owns 15,950 shares of the semiconductor company's stock valued at $171,000 after buying an additional 3,105 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Ultratech during the first quarter valued at about $358,000. Fox Run Management L.L.C. boosted its position in shares of Photronics by 27.0% in the first quarter.
Dimensional Fund Advisors Lp reports that it bought 7,107 shares in quarter ending 06/30/2017 increasing its holdings in Photronics, Inc.by 0.1%. Institutional investors and hedge funds own 97.68% of the company's stock. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.