Sei Investments Co. Purchases 6,404 Shares of Photronics, Inc. (NASDAQ:PLAB)

Sei Investments Co. grew its position in Photronics, Inc. (NASDAQ:PLAB) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,582 shares of the semiconductor company’s stock after purchasing an additional 6,404 shares during the quarter. Sei Investments Co.’s holdings in Photronics were worth $1,145,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Photronics by 216.5% during the fourth 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 during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Photronics by 65.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock worth $54,000 after buying an additional 904 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Photronics by 17.6% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock worth $81,000 after buying an additional 516 shares during the period. KBC Group NV increased its stake in shares of Photronics by 76.8% in the 4th quarter. KBC Group NV now owns 3,467 shares of the semiconductor company’s stock valued at $82,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Photronics during the 4th quarter valued at $110,000. 88.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Photronics

In other news, CEO Kang Jyh Lee sold 8,750 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was 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 directly owns 572,100 shares of the company’s stock, valued at $13,959,240. This represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Walter M. Fiederowicz sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $21.63, for a total value of $216,300.00. Following the completion of the transaction, the director now owns 29,548 shares in the company, valued at $639,123.24. This represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,750 shares of company stock valued at $734,600. Corporate insiders own 3.20% of the company’s stock.

Photronics Price Performance

Shares of Photronics stock opened at $17.37 on Tuesday. The business has a 50-day simple moving average of $21.40 and a 200 day simple moving average of $23.30. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 8.31 and a beta of 1.40. Photronics, Inc. has a one year low of $16.46 and a one year high of $31.60.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported $0.52 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 firm had revenue of $212.14 million during the quarter, compared to the consensus estimate of $210.00 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, sell-side analysts expect that Photronics, Inc. will post 2.3 EPS for the current 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.