Photronics, Inc. (NASDAQ:PLAB – Get Free Report) Director Kang Jyh Lee sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $45.92, for a total transaction of $918,400.00. Following the sale, the director directly owned 355,850 shares in the company, valued at approximately $16,340,632. The trade was a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Kang Jyh Lee also recently made the following trade(s):
- On Wednesday, April 15th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $45.10, for a total transaction of $451,000.00.
- On Monday, April 13th, Kang Jyh Lee sold 5,000 shares of Photronics stock. The stock was sold at an average price of $45.00, for a total value of $225,000.00.
- On Wednesday, April 8th, Kang Jyh Lee sold 5,000 shares of Photronics stock. The stock was sold at an average price of $43.27, for a total value of $216,350.00.
- On Monday, April 6th, Kang Jyh Lee sold 5,000 shares of Photronics stock. The shares were sold at an average price of $40.53, for a total value of $202,650.00.
- On Monday, March 23rd, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $39.00, for a total transaction of $390,000.00.
- On Thursday, March 19th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The stock was sold at an average price of $35.80, for a total transaction of $358,000.00.
Photronics Trading Up 1.1%
Shares of PLAB opened at $50.07 on Thursday. The firm has a market cap of $2.95 billion, a PE ratio of 21.31 and a beta of 1.43. The company’s 50 day simple moving average is $39.69 and its 200-day simple moving average is $32.61. Photronics, Inc. has a 12-month low of $16.59 and a 12-month high of $51.05.
Wall Street Analysts Forecast Growth
PLAB has been the topic of a number of research reports. Craig Hallum restated a “buy” rating and set a $48.00 target price on shares of Photronics in a research report on Tuesday, March 3rd. Wall Street Zen upgraded shares of Photronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Lake Street Capital started coverage on shares of Photronics in a research report on Friday, March 20th. They issued a “buy” rating and a $46.00 price objective on the stock. Zacks Research upgraded shares of Photronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Photronics in a research report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Photronics has a consensus rating of “Buy” and an average target price of $46.33.
View Our Latest Stock Report on PLAB
Institutional Investors Weigh In On Photronics
Several institutional investors have recently made changes to their positions in the stock. Decker Retirement Planning Inc. purchased a new stake in shares of Photronics during the 1st quarter worth $3,935,000. Louisiana State Employees Retirement System purchased a new stake in shares of Photronics during the 1st quarter worth $1,059,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Photronics during the 1st quarter worth $47,902,000. Hsbc Holdings PLC purchased a new stake in shares of Photronics during the 4th quarter worth $428,000. Finally, Union Savings Bank purchased a new stake in shares of Photronics during the 4th quarter worth $160,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.
Photronics Company Profile
Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high?resolution applications.
Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high?end lithography technology.
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