The Photronics, Inc. (PLAB) Stock Rating Lowered by BidaskClub

Remigio Civitarese
Agosto 13, 2017

The institutional investor owned 44,589 shares of the semiconductor company's stock after buying an additional 1,987 shares during the period. NY owned about 0.06% of Photronics worth $477,000 as of its most recent SEC filing.

PLAB has been the topic of a number of other research reports. Finally, Karp Capital Management Corp acquired a new position in shares of Ultratech during the first quarter valued at about $358,000. Bank of America Corp DE now owns 55,456 shares of the semiconductor company's stock worth $593,000 after buying an additional 271 shares during the last quarter. Adams Diversified Equity Fund Inc. raised its position in Photronics by 2.8% in the first quarter.

Dimensional Fund Advisors Lp bought 7,107 shares last quarter increasing its stake in Photronics, Inc. Virtu Financial LLC acquired a new position in shares of Ultratech during the first quarter valued at about $286,000. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company's stock valued at $103,000 after buying an additional 4,203 shares during the period. American International Group Inc.'s holdings in Ultratech were worth $394,000 at the end of the most recent quarter.

Cortina Asset Management, LLC grew its investment by buying 15,727 shares an increase of 2.3%.

Photronics, Inc. has a one year low of $8.20 and a one year high of $12.10.

The company is so far trading down from yesterday's close of $9.55. 307,714 shares of the stock were exchanged. The company's 50 day moving average is $30.09 and its 200-day moving average is $27.10. The company has a market capitalization of $678.39 million, a price-to-earnings ratio of 39.72 and a beta of 0.48. The semiconductor company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.02. Photronics had a net margin of 3.81% and a return on equity of 1.84%. The company had revenue of $108.30 million during the quarter, compared to analysts' expectations of $111.16 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. Photronics's quarterly revenue was down 11.9% on a year-over-year basis. In 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 outstanding.

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Several brokerages have recently issued reports on PLAB. BidaskClub lowered Photronics from a "sell" rating to a "strong sell" rating in a report on Saturday. Zacks Investment Research cut Photronics from a "hold" rating to a "sell" rating in a research note on Friday, May 19th. ValuEngine upgraded Photronics from a sell rating to a hold rating in a research note 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. Photronics now has an average rating of "Hold" and an average price target of $12.83.

In related news, VP Christopher J. Progler sold 4,000 shares of Photronics stock in a transaction that occurred on Tuesday, August 1st. The total value of its holdings decreased 10.1%. Following the transaction, the vice president now owns 78,900 shares in the company, valued at $792,945.

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

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