Thrivent Financial for Lutherans Has $1.15 Million Stock Position in Photronics, Inc. (NASDAQ:PLAB)

Thrivent Financial for Lutherans lessened its stake in Photronics, Inc. (NASDAQ:PLAB) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,969 shares of the semiconductor company’s stock after selling 785 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Photronics worth $1,154,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Photronics by 216.5% during the 4th 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. Parkside Financial Bank & Trust lifted 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 worth $54,000 after purchasing an additional 904 shares in the last quarter. GAMMA Investing LLC lifted its position 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 worth $81,000 after purchasing an additional 516 shares in the last quarter. KBC Group NV boosted its holdings 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 purchasing an additional 1,506 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Photronics in the third quarter valued at $112,000. Institutional investors own 88.38% of the company’s stock.

Insider Transactions at Photronics

In other news, CEO Kang Jyh Lee sold 8,750 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $24.40, for a total value of $213,500.00. Following the completion of the sale, the chief executive officer now owns 572,100 shares of the company’s stock, valued at approximately $13,959,240. The trade was a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Walter M. Fiederowicz sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $24.13, for a total transaction of $241,300.00. Following the transaction, the director now directly owns 32,000 shares in the company, valued at approximately $772,160. This represents a 23.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,500 shares of company stock worth $1,829,138 over the last quarter. Company insiders own 3.20% of the company’s stock.

Photronics Stock Up 0.8 %

PLAB opened at $20.76 on Tuesday. Photronics, Inc. has a 12-month low of $19.61 and a 12-month high of $31.60. The business has a 50 day moving average of $21.87 and a 200-day moving average of $23.47. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 9.93 and a beta of 1.43.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The business had revenue of $212.14 million during the quarter, compared to the consensus estimate of $210.00 million. During the same quarter last year, the firm posted $0.48 EPS. As a group, analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price objective on Photronics from $32.00 to $35.00 and gave the stock a “buy” rating in a research note 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.