NY Buys 1987 Shares of Photronics, Inc. (PLAB)

American International Group Inc. lowered its position in Ultratech, Inc.

A number of other equities research analysts also recently commented on the stock. Sentinel Trust Co. LBA increased its position in shares of Photronics by 44.0% 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%. Vanguard Group Inc. increased its position in Photronics by 5.3% in the first quarter. 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 in the last quarter. Teachers Advisors LLC raised its position in Photronics by 2.5% in the fourth quarter. NY's holdings in Photronics were worth $477,000 at the end of the most recent quarter. Fox Run Management L.L.C. boosted its position in shares of Photronics by 27.0% in the first 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.

Shares of Photronics (PLAB) traded down 0.52% on Tuesday, hitting $9.50. 307,714 shares of the stock were exchanged. It is trading at $9.50 a bit lower than the 50 day moving average which is $9.84 and which is significantly below the 200 day moving average of $10.63. The firm has a market capitalization of $654.28 million, a PE ratio of 38.31 and a beta of 0.48.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, May 17th. Next quarter's EPS is forecasted to be $0.13 with next year's EPS projected to be $0.75. Photronics had a net margin of 3.81% and a return on equity of 1.84%. The business had revenue of $108.30 million during the quarter, compared to analysts' expectations of $111.16 million. During the same quarter in the previous year, the business earned $0.13 EPS. The firm's revenue for the quarter was down 11.9% compared to the same quarter a year ago. 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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Photronics, Inc. (NASDAQ:PLAB) was upgraded by equities researchers at BidaskClub from a "strong sell" rating to a "sell" rating in a report issued on Wednesday, July 12th. Zacks Investment Research downgraded Photronics from a hold rating to a sell rating in a research note on Friday, May 19th. Finally, ValuEngine upgraded Photronics from a "sell" rating to a "hold" rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Photronics now has a consensus rating of "Hold" and an average target price 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 shares were sold at an average price of $10.05, for a total value of $40,200.00. Following the completion of the transaction, the vice president now directly owns 78,900 shares in the company, valued at approximately $792,945.