1 week Ago By ABMN Staff
Norges Bank bought a new stake in shares of Photronics, Inc. ( NASDAQ:PLAB – Free Report ) in the 4th quarter, HoldingsChannel reports. The firm bought 330,500 shares of the semiconductor company’s stock, valued at approximately $7,787,000.
Other large investors have also recently added to or reduced their stakes in the company. Boston Partners lifted its position in shares of Photronics by 45.3% during the 4th quarter.
Boston Partners now owns 799,439 shares of the semiconductor company’s stock valued at $18,893,000 after acquiring an additional 249,222 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Photronics by 118.
8% during the fourth quarter. JPMorgan Chase & Co. now owns 367,346 shares of the semiconductor company’s stock valued at $8,655,000 after purchasing an additional 199,490 shares during the last quarter.
American Century Companies Inc. boosted its position in shares of Photronics by 8.6% in the 4th quarter.
American Century Companies Inc. now owns 2,018,887 shares of the semiconductor company’s stock valued at $47,565,000 after purchasing an additional 159,245 shares during the period. Four Tree Island Advisory LLC acquired a new position in shares of Photronics in the 4th quarter valued at $3,472,000.
Finally, Segall Bryant & Hamill LLC increased its stake in Photronics by 83.4% in the 4th quarter. Segall Bryant & Hamill LLC now owns 212,783 shares of the semiconductor company’s stock worth $5,013,000 after purchasing an additional 96,769 shares in the last quarter.
88.38% of the stock is currently owned by institutional investors. Photronics Stock Performance Photronics stock opened at $16.
92 on Wednesday. Photronics, Inc. has a 52 week low of $16.
46 and a 52 week high of $31.60. The firm has a market capitalization of $1.
08 billion, a price-to-earnings ratio of 8.10 and a beta of 1.40.
The company has a 50 day moving average price of $21.17 and a 200 day moving average price of $23.21.
Insider Buying and Selling at Photronics In related news, CEO Kang Jyh Lee sold 8,750 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $24.40, for a total transaction of $213,500.
00. Following the completion of the sale, the chief executive officer now directly owns 572,100 shares in the company, valued at approximately $13,959,240. This trade represents a 1.
51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, Director Walter M.
Fiederowicz sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $19.16, for a total transaction of $95,800.
00. Following the transaction, the director now directly owns 24,548 shares in the company, valued at $470,339.68.
The trade was a 16.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 33,750 shares of company stock valued at $734,600 in the last 90 days. 3.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In Separately, DA Davidson upped their price objective on shares of Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 12th.
Check Out Our Latest Research Report on Photronics Photronics Company Profile ( 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. See Also 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.
com's FREE daily email newsletter ..
