Recent Insider Trading: Photronics, Inc. $PLAB

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Photronics, Inc. (PLAB) insider have most recently took part in a trading activity. On Dec 1, 2017 Jordan John P, SVP & CFO bought 1,000 shares having total worth of $9,500 at the price of $9.5 per share, following the transaction a total of 35,000 shares owned by Jordan John P. Before this latest buy, Jordan John P purchased PLAB at 2 other times during the past twelve months, for a total investment of $31,550 at an average of $7.93 per share.

The stock has experienced a total of 5 insider trades in the past three months. These trades include 3 sell activities and 2 buy trades. Furthermore, over the past 12 months , the stock was traded 18 times by insiders. In 16 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 3 -11.54%
12 Month 2 16 2.68%

Shares of Photronics, Inc. (PLAB) traded down 3.16% on Dec 4, 2017, hitting $9.2. 518,226 shares of the company’s stock traded hands. Photronics, Inc. has a 52 week low of $7.55 and a 52 week high of $11.85. The company’s market cap is $698 million.

Photronics, Inc. (PLAB) last announced its earnings results on Nov 29, 2017. The company reported 0.08 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.06 by $0.02. The company had revenue of $121 million for the quarter, compared to the consensus estimate of $112 million. During the same quarter in the previous year, the company posted 0.05 earnings per share. The company’s revenue for the quarter was up 13% on a year-over-year basis.

2017-11-29 2017-08-14 2017-05-17 2017-02-15 2016-12-06 2016-08-18 2016-05-18 2016-02-24 2015-12-02 2015-08-18
earnings per share 0.08 0.06 0.03 0.03 0.05 0.12 0.13 0.17 0.25 0.17
Revenue(M) 120.97 111.58 108.3 109.83 107.37 123.21 122.92 129.96 141.69 131.7

Photronics Inc. is a Connecticut corporation, organized in 1969. The Company and its subsidiaries are the manufacturers of photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits. Photomasks are a key element in the manufacture of semiconductors and flat panel displays, or FPDs, and are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, or ICs, and a variety of FPDs and, to a lesser extent, other types of electrical and optical components. The Company currently operates principally from eight manufacturing facilities; two of which are located in Europe, two in Taiwan, one in Korea and three in the United States. The Company manufactures photomasks, which are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates. The Company’s photomasks are manufactured in accordance with circuit designs provided on a confidential basis by its customers. The typical manufacturing process for a photomask involves the receipt and conversion of circuit design data to manufacturing pattern data. The Company currently supports customers across the full spectrum of IC production and FPD technologies by manufacturing photomasks using electron beam or optical (laser-based) technologies. The market for photomasks mainly consists of domestic and international semiconductor and FPD manufacturers and designers, including a limited number of manufacturers who have the capability to internally manufacture photomasks. Generally, the Company and each of its customers engage in a qualification and correlation process before the company becomes an approved supplier. The Company conducts its sales and marketing activities mainly through a staff of full-time sales personnel and customer service representatives who work closely with the company’s management and technical personnel. Photronics sells its products to semiconductor and FPD manufacturers such as: ASML Holding N.V., Freescale Semiconductor, Inc., Inotera Memories, Inc., LG Electronics, Inc., Novatek Microelectronics Corp., Ltd., Samsung Electronics Co., Ltd., Texas Instruments Incorporated, United Microelectronics Corp., etc. The Company conducts its primary research and development activities for IC photomasks at its MP Mask Technology Center, LLC. The Company also conducts application oriented research and development activities to support the early adoption of new photomask or supporting data and services technology into the customers’ applications. Photronics owns or has rights to approximately 40 patents in the United States. The raw materials used by the Company generally include high precision quartz plates, which are used as photomask blanks, obtained from Japanese and Korean suppliers; pellicles and electronic grade chemicals, which are used in the manufacturing process; and compacts, which are durable p

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.