Photronics, Inc. (NASDAQ:PLAB) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 65.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,283 shares of the semiconductor company’s stock after purchasing an additional 904 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Photronics were worth $54,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. M&T Bank Corp bought a new stake in Photronics in the third quarter worth about $252,000. Geode Capital Management LLC grew its stake in shares of Photronics by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company’s stock worth $43,217,000 after purchasing an additional 85,160 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Photronics by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 530,401 shares of the semiconductor company’s stock worth $13,133,000 after purchasing an additional 24,834 shares in the last quarter. FMR LLC lifted its stake in Photronics by 36.0% during the third quarter. FMR LLC now owns 135,208 shares of the semiconductor company’s stock valued at $3,348,000 after purchasing an additional 35,825 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Photronics during the fourth quarter worth approximately $298,000. Institutional investors own 88.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson upped their price target on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, December 12th.

Insider Activity at Photronics

In other news, CEO Kang Jyh Lee sold 20,000 shares of Photronics stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $25.27, for a total transaction of $505,400.00. Following the transaction, the chief executive officer now owns 524,600 shares in the company, valued at approximately $13,256,642. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Adam M. Lewis sold 19,750 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $24.11, for a total value of $476,172.50. Following the completion of the sale, the director now directly owns 22,250 shares of the company’s stock, valued at approximately $536,447.50. This represents a 47.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 199,000 shares of company stock worth $4,878,810. 3.20% of the stock is owned by corporate insiders.

Photronics Stock Down 4.6 %

Shares of NASDAQ PLAB opened at $19.89 on Tuesday. Photronics, Inc. has a 12 month low of $19.79 and a 12 month high of $31.60. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 9.52 and a beta of 1.37. The business has a fifty day simple moving average of $23.03 and a 200-day simple moving average of $23.83.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data 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 net margin of 15.07% and a return on equity of 9.10%. The company had revenue of $212.14 million during the quarter, compared to analyst estimates of $210.00 million. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, sell-side analysts expect that Photronics, Inc. will post 2.3 EPS 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.