Photronics, Inc. (PLAB) Lifted to Sell at BidaskClub


NY owned about 0.06% of Photronics worth $477,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in Photronics by 10.2% in the second quarter. Alliancebernstein L.P. now owns 1,720,512 shares of the semiconductor company's stock worth $18,409,000 after buying an additional 181,550 shares during the period.

Dimensional Fund Advisors Lp reports that it bought 7,107 shares in quarter ending 06/30/2017 increasing its holdings in Photronics, 0.1%. Virtu Financial LLC acquired a new position in shares of Ultratech during the first quarter valued at about $286,000. Sentinel Trust Co. LBA now owns 227,679 shares of the semiconductor company's stock valued at $2,436,000 after buying an additional 69,590 shares in the last quarter. Teachers Advisors LLC raised its position in Photronics by 2.5% in the fourth quarter. Finally, State Street Corp increased its position in Photronics by 3.8% in the first quarter. Cortina Asset Management, LLC controls 687,329 shares worth $6,461,000. Ultratech, Inc. has a 1-year low of $20.56 and a 1-year high of $30.94.

The company is trading down from yesterday's close of $9.55. The company had a trading volume of 307,714 shares. The firm has a 50-day moving average price of $9.84 and a 200 day moving average price of $10.61. The company has a market cap of $654.28 million, a price-to-earnings ratio of 38.31 and a beta of 0.48.

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Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, May 17th. The semiconductor company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.02. Photronics had a return on equity of 1.84% and a net margin of 3.81%. The firm had revenue of $108.30 million during the quarter, compared to analyst estimates of $111.16 million. On average, analysts anticipate that Photronics will post $0.28 EPS for the current year. Photronics's quarterly revenue was down 11.9% on a year-over-year basis.

WARNING: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. The original version of this article can be viewed at BidaskClub lowered Photronics from a "sell" rating to a "strong sell" rating in a report on Saturday. Zacks Investment Research raised shares of Photronics from a "sell" rating to a "hold" rating in a research report on Tuesday, April 18th. ValuEngine upgraded shares of Photronics from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. The stock now has an average rating of "Hold" and a consensus target price of $12.83.

In other Photronics news, VP Christopher J. Progler sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The total value of its holdings decreased 8.6%. Following the completion of the transaction, the vice president now directly owns 78,900 shares in the company, valued at approximately $792,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits.