2 weeks Ago By Defense World Staff
Cerity Partners LLC grew its holdings in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 9,314 shares of the semiconductor company’s stock after buying an additional 785 shares during the period. Cerity Partners LLC’s holdings in Photronics were worth $227,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently made changes to their positions in PLAB.
Vanguard Group Inc. increased its position in Photronics by 0.5% during the 4th quarter.
Vanguard Group Inc. now owns 5,868,889 shares of the semiconductor company’s stock valued at $138,271,000 after purchasing an additional 29,681 shares during the period. American Century Companies Inc.
increased its position in shares of Photronics by 8.6% during the fourth quarter. American Century Companies Inc.
now owns 2,018,887 shares of the semiconductor company’s stock valued at $47,565,000 after buying an additional 159,245 shares during the period. Geode Capital Management LLC raised its stake in Photronics by 1.7% in the fourth quarter.
Geode Capital Management LLC now owns 1,775,402 shares of the semiconductor company’s stock worth $41,837,000 after buying an additional 30,237 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Photronics by 4.
2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,007,582 shares of the semiconductor company’s stock worth $23,739,000 after buying an additional 40,579 shares during the period.
Finally, Boston Partners boosted its position in 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 in the last quarter.
Institutional investors own 88.38% of the company’s stock. Insider Buying and Selling at PhotronicsIn related news, Director Walter M.
Fiederowicz sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $17.79, for a total transaction of $88,950.
00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $88,950. This trade represents a 50.
00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kang Jyh Lee sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 5th.
The stock was sold at an average price of $20.90, for a total value of $209,000.00.
Following the completion of the sale, the chief executive officer now directly owns 552,100 shares in the company, valued at $11,538,890. This trade represents a 1.78 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,548 shares of company stock valued at $877,093. Corporate insiders own 3.
20% of the company’s stock. Photronics Stock PerformanceShares of NASDAQ:PLAB opened at $18.68 on Friday.
The firm has a market capitalization of $1.19 billion, a P/E ratio of 8.94 and a beta of 1.
40. The stock has a 50 day moving average price of $20.00 and a 200-day moving average price of $22.
67. Photronics, Inc. has a 52-week low of $16.
46 and a 52-week high of $31.60. Photronics (NASDAQ:PLAB – Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th.
The semiconductor company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.
05. The business had revenue of $212.14 million during the quarter, compared to analyst estimates of $210.
00 million. Photronics had a return on equity of 9.10% and a net margin of 15.
07%. During the same quarter last year, the firm posted $0.48 earnings per share.
On average, equities analysts forecast that Photronics, Inc. will post 2.3 EPS for the current fiscal year.
Photronics 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.Further ReadingFive stocks we like better than PhotronicsStock Splits, Do They Really Impact Investors?2 Strong Utilities Plays With Booming Earnings and Room to GrowGrowth Stocks: What They Are, What They Are NotWhy Smart Investors Don’t Panic in Election SeasonP/E Ratio Calculation: How to Assess StocksNow Is the Time to Buy ServiceNow—The Rebound Is RealWant 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)..
