Photronics, Inc. (NASDAQ:PLAB) Shares Purchased by James Investment Research Inc.

James Investment Research Inc. boosted its holdings in Photronics, Inc. (NASDAQ:PLAB) by 84.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,587 shares of the semiconductor company’s stock after buying an additional 19,549 shares during the period. James Investment Research Inc.’s holdings in Photronics were worth $1,003,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in 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 buying an additional 516 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Photronics by 65.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 567 shares in the last quarter. US Bancorp DE lifted its stake in shares of Photronics by 137.2% in the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 701 shares in the last quarter. Koss Olinger Consulting LLC lifted its stake in shares of Photronics by 4.3% in the 3rd quarter. Koss Olinger Consulting LLC now owns 18,714 shares of the semiconductor company’s stock valued at $463,000 after purchasing an additional 780 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Photronics by 21.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,930 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 1,066 shares in the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

Photronics Price Performance

NASDAQ PLAB opened at $22.27 on Monday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 10.66 and a beta of 1.37. Photronics, Inc. has a 1-year low of $20.25 and a 1-year high of $34.13. The business’s 50-day simple moving average is $23.94 and its 200-day simple moving average is $23.89.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. The business had revenue of $222.60 million for the quarter, compared to the consensus estimate of $218.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. On average, equities research analysts expect that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Insider Activity at Photronics

In other Photronics news, EVP Christopher J. Progler sold 63,000 shares of Photronics stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $24.85, for a total transaction of $1,565,550.00. Following the sale, the executive vice president now directly owns 219,166 shares in the company, valued at $5,446,275.10. The trade was a 22.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kang Jyh Lee sold 20,000 shares of Photronics stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $25.27, for a total value of $505,400.00. Following the sale, the chief executive officer now owns 524,600 shares in the company, valued at $13,256,642. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 199,000 shares of company stock worth $4,878,810. 3.88% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.