Photronics, Inc. (NASDAQ:PLAB) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 327,051 shares of the semiconductor company's stock after selling 24,933 shares during the period. AQR Capital Management LLC owned about 0.52% of Photronics worth $7,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in shares of Photronics by 216.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 762 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Photronics during the 4th quarter valued at $47,000. Parkside Financial Bank & Trust boosted its position in shares of Photronics by 65.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company's stock worth $54,000 after purchasing an additional 904 shares in the last quarter. GAMMA Investing LLC increased its position in Photronics by 17.6% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company's stock valued at $81,000 after buying an additional 516 shares in the last quarter. Finally, KBC Group NV raised its stake in Photronics by 76.8% in the fourth quarter. KBC Group NV now owns 3,467 shares of the semiconductor company's stock valued at $82,000 after buying an additional 1,506 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.

Insider Transactions at Photronics

In related news, Director Walter M. Fiederowicz sold 5,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $17.79, for a total value of $88,950.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $88,950. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kang Jyh Lee sold 10,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $21.60, for a total transaction of $216,000.00. Following the completion of the transaction, the chief executive officer now owns 542,100 shares of the company's stock, valued at approximately $11,709,360. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,548 shares of company stock valued at $1,093,093. Corporate insiders own 3.20% of the company's stock.

Photronics Stock Down 0.6 %

Shares of PLAB traded down $0.12 during trading hours on Friday, reaching $19.42. 366,901 shares of the company traded hands, compared to its average volume of 527,975. The business has a fifty day moving average price of $19.47 and a 200-day moving average price of $22.29. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60. The stock has a market capitalization of $1.23 billion, a P/E ratio of 9.29 and a beta of 1.43.

Photronics (NASDAQ:PLAB - Get Free Report) last released its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The firm had revenue of $212.14 million during the quarter, compared to the consensus estimate of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, research analysts predict that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Photronics Company 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.