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

Yousif Capital Management LLC cut its holdings in Photronics, Inc. (NASDAQ:PLAB) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,961 shares of the semiconductor company’s stock after selling 594 shares during the period. Yousif Capital Management LLC’s holdings in Photronics were worth $565,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PLAB. GAMMA Investing LLC grew its stake in 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 buying an additional 516 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Photronics by 65.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 567 shares in the last quarter. US Bancorp DE boosted its stake in shares of Photronics by 137.2% in the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 701 shares in the last quarter. Koss Olinger Consulting LLC boosted its stake in shares of Photronics by 4.3% in the 3rd quarter. Koss Olinger Consulting LLC now owns 18,714 shares of the semiconductor company’s stock valued at $463,000 after purchasing an additional 780 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Photronics by 21.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,930 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 1,066 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at Photronics

In other news, SVP Han Kyung Park sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were 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. The trade was a 8.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kang Jyh Lee sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was 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 in the company, valued at $13,256,642. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 199,000 shares of company stock worth $4,878,810 in the last quarter. 3.88% of the stock is owned by insiders.

Photronics Price Performance

Shares of NASDAQ PLAB opened at $22.27 on Monday. The company has a 50 day simple moving average of $23.94 and a 200 day simple moving average of $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 1 year low of $20.25 and a 1 year high of $34.13.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $222.60 million during 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 quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. As a group, research analysts anticipate 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.