Yousif Capital Management LLC Has $565,000 Position in Photronics, Inc. (NASDAQ:PLAB)

Yousif Capital Management LLC lowered its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,961 shares of the semiconductor company’s stock after selling 594 shares during the quarter. Yousif Capital Management LLC’s holdings in Photronics were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Photronics by 137.2% in the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 701 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Photronics by 65.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 567 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Photronics by 17.6% in the fourth 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 during the period. KBC Group NV boosted its holdings in shares of 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 period. Finally, Heck Capital Advisors LLC acquired a new position in shares of Photronics in the fourth quarter valued at approximately $110,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Photronics news, Director Walter M. Fiederowicz sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $24.01, for a total transaction of $240,100.00. Following the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $1,200,500. This represents a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher J. Progler sold 63,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $24.85, for a total transaction of $1,565,550.00. Following the sale, the executive vice president now directly owns 219,166 shares in the company, valued at $5,446,275.10. This trade represents a 22.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 199,000 shares of company stock valued at $4,878,810. 3.88% of the stock is currently owned by corporate insiders.

Photronics Stock Down 1.1 %

Shares of PLAB stock opened at $22.27 on Monday. The company’s fifty day simple moving average is $23.94 and its 200-day simple moving average is $23.89. The firm has a market cap of $1.41 billion, a PE ratio of 10.66 and a beta of 1.37. Photronics, Inc. has a 12 month low of $20.25 and a 12 month high of $34.13.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $222.60 million for the quarter, compared to analyst estimates of $218.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Photronics 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.