Victory Capital Management Inc. Has $4.68 Million Stock Holdings in Photronics, Inc. (NASDAQ:PLAB)

Victory Capital Management Inc. lowered its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 62.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,797 shares of the semiconductor company’s stock after selling 331,604 shares during the quarter. Victory Capital Management Inc. owned about 0.31% of Photronics worth $4,684,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Photronics by 216.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 762 shares in the last quarter. US Bancorp DE raised its position 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 in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Photronics by 65.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 904 shares in the last quarter. GAMMA Investing LLC boosted its stake 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. Finally, KBC Group NV grew its position in 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 buying an additional 1,506 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Price Performance

Shares of PLAB opened at $21.26 on Friday. The firm has a 50 day simple moving average of $22.49 and a two-hundred day simple moving average of $23.64. Photronics, Inc. has a one year low of $19.61 and a one year high of $31.60. The company has a market cap of $1.35 billion, a P/E ratio of 10.17 and a beta of 1.43.

Photronics (NASDAQ:PLAB) last posted its quarterly 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 company 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 previous year, the firm earned $0.48 EPS. On average, analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Insider Transactions at Photronics

In other news, SVP Han Kyung Park sold 11,250 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $24.63, for a total transaction of $277,087.50. Following the sale, the senior vice president now directly owns 118,000 shares in the company, valued at approximately $2,906,340. The trade was a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kang Jyh Lee sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $25.27, for a total transaction of $505,400.00. Following the completion of the transaction, the chief executive officer now owns 524,600 shares of the company’s stock, valued at approximately $13,256,642. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,000 shares of company stock valued at $5,087,810. 3.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.