BNP Paribas Financial Markets Has $585,000 Stock Position in Photronics, Inc. (NASDAQ:PLAB)

BNP Paribas Financial Markets cut its holdings in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 49.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,821 shares of the semiconductor company's stock after selling 24,256 shares during the quarter. BNP Paribas Financial Markets' holdings in Photronics were worth $585,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PLAB. Smartleaf Asset Management LLC lifted its holdings in shares of Photronics by 216.5% in the fourth 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 during the last quarter. Federated Hermes Inc. acquired a new position in Photronics during the 4th quarter worth approximately $47,000. Parkside Financial Bank & Trust lifted its stake in Photronics by 65.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company's stock valued at $54,000 after purchasing an additional 904 shares during the last quarter. KBC Group NV boosted its position 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 in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Photronics in the fourth quarter valued at approximately $101,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Walter M. Fiederowicz sold 10,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $21.63, for a total value of $216,300.00. Following the sale, the director now owns 29,548 shares of the company's stock, valued at $639,123.24. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 54,548 shares of company stock valued at $1,093,093 over the last quarter. 3.20% of the stock is owned by company insiders.

Photronics Stock Up 3.0%

Shares of NASDAQ:PLAB traded up $0.59 during trading on Tuesday, hitting $20.06. 670,639 shares of the company were exchanged, compared to its average volume of 525,935. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $31.60. The company has a market capitalization of $1.28 billion, a P/E ratio of 9.60 and a beta of 1.43. The business's 50 day moving average is $19.29 and its 200-day moving average is $21.99.

Photronics (NASDAQ:PLAB - Get Free Report) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The business had revenue of $212.14 million during 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 quarter in the prior year, the firm earned $0.48 EPS. As a group, sell-side analysts anticipate that Photronics, Inc. will post 2.3 earnings per share for the current 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.