Yesterday it was reported that the VP, Chief Technology Officer of Photronics (PLAB), Christopher Progler, exercised options to sell 12,093 PLAB shares at $6.71 a share, for a total transaction value of $130.5K.
Following Christopher Progler’s last PLAB Sell transaction on January 04, 2019, the stock climbed by 1.1%. In addition to Christopher Progler, one other PLAB executive reported Sell trades in the last month.
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Based on Photronics’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $138 million and quarterly net profit of $6.35 million. In comparison, last year the company earned revenue of $136 million and had a net profit of $13.01 million. Currently, Photronics has an average volume of 537.52K. PLAB’s market cap is $725.7M and the company has a P/E ratio of 23.03.
The insider sentiment on Photronics has been neutral according to 56 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Photronics, Inc. engages in the manufacture of photomasks. It manufactures of semiconductors and flat panel displays, and are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, and a variety of flat panel displays, and to a lesser extent, other types of electrical and optical components. The company operates principally from nine manufacturing facilities; two of which are located in Europe, three in Taiwan, one in Korea, and three in the United States. Photronics was founded by Constantine S. Macricostas in 1969 and is headquartered in Brookfield, CT.
