Voya Investment Management LLC reduced its position in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,893 shares of the semiconductor company's stock after selling 14,358 shares during the quarter. Voya Investment Management LLC owned approximately 0.28% of Photronics worth $4,144,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Photronics by 216.5% in the 4th 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 during the last quarter. Federated Hermes Inc. acquired a new position in Photronics in the fourth quarter worth $47,000. Parkside Financial Bank & Trust increased its stake in Photronics by 65.6% during the fourth 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. GAMMA Investing LLC raised its holdings in shares of Photronics by 17.6% during the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company's stock worth $81,000 after purchasing an additional 516 shares during the period. Finally, KBC Group NV raised its holdings in shares of Photronics by 76.8% during the fourth quarter. KBC Group NV now owns 3,467 shares of the semiconductor company's stock worth $82,000 after purchasing an additional 1,506 shares during the period. Institutional investors and hedge funds own 88.38% of the company's stock.
Insider Activity at Photronics
In other Photronics news, Director Walter M. Fiederowicz sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $21.63, for a total transaction of $216,300.00. Following the completion of the transaction, the director now directly owns 29,548 shares of the company's stock, valued at $639,123.24. The trade was a 25.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 54,548 shares of company stock worth $1,093,093 in the last 90 days. 3.20% of the stock is currently owned by company insiders.
Photronics Stock Performance
Shares of NASDAQ PLAB traded up $0.80 during midday trading on Friday, hitting $19.22. The company's stock had a trading volume of 533,215 shares, compared to its average volume of 521,733. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $31.60. The firm's fifty day moving average price is $19.60 and its 200-day moving average price is $22.44. The firm has a market cap of $1.22 billion, a P/E ratio of 9.20 and a beta of 1.40.
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 firm had revenue of $212.14 million for the quarter, compared to analysts' expectations of $210.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. During the same quarter last year, the company posted $0.48 earnings per share. As a group, research analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.
Photronics Profile
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Free Report)
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.
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