19 hours Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new position in shares of Photronics, Inc. ( NASDAQ:PLAB – Free Report ) in the fourth quarter, Holdings Channel reports. The fund acquired 23,500 shares of the semiconductor company’s stock, valued at approximately $554,000.
Several other hedge funds and other institutional investors also recently modified their holdings of PLAB. Smartleaf Asset Management LLC lifted its holdings in shares of Photronics by 216.5% during the fourth quarter.
Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 762 shares during the period. Parkside Financial Bank & Trust raised its position in Photronics by 65.6% during the 4th quarter.
Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock worth $54,000 after buying an additional 904 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Photronics by 17.6% in the 4th quarter.
GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock worth $81,000 after acquiring an additional 516 shares during the period. KBC Group NV boosted its holdings in shares of Photronics by 76.8% in the fourth quarter.
KBC Group NV now owns 3,467 shares of the semiconductor company’s stock valued at $82,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd.
acquired a new position in shares of Photronics during the third quarter worth about $112,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth Separately, DA Davidson raised their price objective on shares of Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.
Photronics Price Performance Photronics stock opened at $20.52 on Thursday. The stock’s 50 day moving average price is $21.
72 and its 200 day moving average price is $23.42. Photronics, Inc.
has a 1-year low of $19.61 and a 1-year high of $31.60.
The company has a market cap of $1.30 billion, a PE ratio of 9.82 and a beta of 1.
43. Photronics ( NASDAQ:PLAB – Get Free Report ) last released its earnings results on Wednesday, February 26th. The semiconductor company reported $0.
52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05.
Photronics had a return on equity of 9.10% and a net margin of 15.07%.
The company had revenue of $212.14 million during the quarter, compared to the consensus estimate of $210.00 million.
During the same quarter last year, the company earned $0.48 earnings per share. On average, equities research analysts anticipate that Photronics, Inc.
will post 2.3 EPS for the current fiscal year. Insider Buying and Selling In related news, CEO Kang Jyh Lee sold 10,000 shares of Photronics stock in a transaction on Monday, January 6th.
The stock was sold at an average price of $25.02, for a total transaction of $250,200.00.
Following the completion of the transaction, the chief executive officer now directly owns 580,850 shares of the company’s stock, valued at approximately $14,532,867. The trade was a 1.69 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which can be accessed through this link . Also, SVP Han Kyung Park sold 11,250 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $24.
63, for a total value of $277,087.50. Following the completion of the sale, the senior vice president now directly owns 118,000 shares in the company, valued at $2,906,340.
This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here .
Over the last 90 days, insiders have sold 60,000 shares of company stock valued at $1,407,388. Corporate insiders own 3.20% of the company’s stock.
About Photronics ( Free Report ) Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates. Featured Articles Want to see what other hedge funds are holding PLAB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Photronics, Inc. ( NASDAQ:PLAB – Free Report ). Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.
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