Segall Bryant & Hamill LLC Purchases 96,769 Shares of Photronics, Inc. (NASDAQ:PLAB)

Segall Bryant & Hamill LLC lifted its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 83.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 212,783 shares of the semiconductor company’s stock after buying an additional 96,769 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Photronics were worth $5,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PLAB. M&T Bank Corp acquired a new position in Photronics in the 3rd quarter valued at $252,000. Geode Capital Management LLC grew its stake in shares of Photronics by 5.1% in the third quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company’s stock valued at $43,217,000 after acquiring an additional 85,160 shares in the last quarter. FMR LLC increased its position in Photronics by 36.0% during the third quarter. FMR LLC now owns 135,208 shares of the semiconductor company’s stock worth $3,348,000 after acquiring an additional 35,825 shares during the period. Charles Schwab Investment Management Inc. increased its position in Photronics by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,007,582 shares of the semiconductor company’s stock worth $23,739,000 after acquiring an additional 40,579 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Photronics in the 4th quarter worth about $298,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Han Kyung Park sold 11,250 shares of Photronics stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $24.63, for a total value of $277,087.50. Following the transaction, the senior vice president now owns 118,000 shares in the company, valued at approximately $2,906,340. This trade represents a 8.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $209,000.00. Following the sale, the chief executive officer now owns 552,100 shares of the company’s stock, valued at approximately $11,538,890. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,500 shares of company stock worth $1,829,138. 3.20% of the stock is currently owned by corporate insiders.

Photronics Price Performance

Shares of NASDAQ PLAB opened at $21.28 on Friday. The business has a fifty day moving average price of $22.02 and a two-hundred day moving average price of $23.48. The stock has a market capitalization of $1.35 billion, a PE ratio of 10.18 and a beta of 1.43. Photronics, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $31.60.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business 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 firm earned $0.48 earnings per share. On average, equities analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.

Analysts Set New Price Targets

Separately, DA Davidson raised their target price on shares of Photronics from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, December 12th.

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.