16,893 Shares in Photronics, Inc. (NASDAQ:PLAB) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) in the fourth quarter, HoldingsChannel reports. The fund acquired 16,893 shares of the semiconductor company’s stock, valued at approximately $398,000.

A number of other hedge funds have also recently bought and sold shares of the business. LVZ Inc. raised its position in shares of Photronics by 25.3% in the 4th quarter. LVZ Inc. now owns 22,807 shares of the semiconductor company’s stock valued at $537,000 after purchasing an additional 4,604 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $23,739,000 after acquiring an additional 40,579 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Photronics by 216.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 762 shares in the last quarter. Illumine Investment Management LLC bought a new position in Photronics during the 4th quarter valued at $650,000. Finally, Parkside Financial Bank & Trust grew its holdings in Photronics by 65.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 904 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Insider Transactions at Photronics

In related news, CEO Kang Jyh Lee sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total transaction of $209,000.00. Following the completion of the transaction, the chief executive officer now directly owns 552,100 shares in the company, valued at $11,538,890. This represents a 1.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Han Kyung Park sold 11,250 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $24.63, for a total value of $277,087.50. Following the completion of the sale, the senior vice president now owns 118,000 shares in the company, valued at $2,906,340. The trade was a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,500 shares of company stock worth $1,612,838. 3.20% of the stock is currently owned by insiders.

Photronics Stock Down 0.7 %

NASDAQ:PLAB opened at $21.56 on Wednesday. The company has a market cap of $1.37 billion, a PE ratio of 10.32 and a beta of 1.43. The business’s 50 day moving average is $22.13 and its two-hundred day moving average is $23.51. Photronics, Inc. has a 52 week low of $19.61 and a 52 week high of $31.60.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $212.14 million for the quarter, compared to analysts’ expectations of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same period last year, the business posted $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.

Analysts Set New Price Targets

Separately, DA Davidson upped their target price 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.

About Photronics

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.