Cwm LLC Purchases 2,003 Shares of Photronics, Inc. (NASDAQ:PLAB)

Cwm LLC increased its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 155.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,294 shares of the semiconductor company’s stock after purchasing an additional 2,003 shares during the period. Cwm LLC’s holdings in Photronics were worth $81,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PLAB. SummerHaven Investment Management LLC raised its stake in Photronics by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 27,266 shares of the semiconductor company’s stock valued at $855,000 after acquiring an additional 370 shares during the period. Texas Permanent School Fund Corp raised its position in shares of Photronics by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 54,791 shares of the semiconductor company’s stock valued at $1,552,000 after purchasing an additional 759 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Photronics during the 4th quarter worth about $25,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Photronics by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,499 shares of the semiconductor company’s stock worth $1,208,000 after buying an additional 819 shares during the period. Finally, ProShare Advisors LLC grew its stake in Photronics by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 12,345 shares of the semiconductor company’s stock valued at $350,000 after buying an additional 848 shares during the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Stock Down 0.4 %

Photronics stock opened at $23.80 on Monday. Photronics, Inc. has a twelve month low of $18.03 and a twelve month high of $34.16. The stock has a market cap of $1.51 billion, a P/E ratio of 11.02 and a beta of 1.38. The company’s 50-day moving average price is $24.76 and its two-hundred day moving average price is $27.24.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.09). The firm had revenue of $217.00 million for the quarter, compared to the consensus estimate of $231.00 million. Photronics had a return on equity of 9.73% and a net margin of 15.14%. Photronics’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Equities analysts anticipate that Photronics, Inc. will post 2.1 earnings per share for the current fiscal year.

Photronics Profile

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.