Legal & General Group Plc Decreases Holdings in Photronics, Inc. (NASDAQ:PLAB)

Legal & General Group Plc trimmed its stake in Photronics, Inc. (NASDAQ:PLAB) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,473 shares of the semiconductor company’s stock after selling 3,508 shares during the quarter. Legal & General Group Plc owned approximately 0.28% of Photronics worth $4,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLAB. HighTower Advisors LLC purchased a new stake in Photronics in the third quarter worth $237,000. Barclays PLC increased its holdings in Photronics by 297.2% in the 3rd quarter. Barclays PLC now owns 114,133 shares of the semiconductor company’s stock worth $2,826,000 after acquiring an additional 85,397 shares during the last quarter. Geode Capital Management LLC raised its stake in Photronics by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company’s stock valued at $43,217,000 after acquiring an additional 85,160 shares during the period. Franklin Resources Inc. lifted its holdings in Photronics by 4.8% during the third quarter. Franklin Resources Inc. now owns 70,175 shares of the semiconductor company’s stock valued at $1,694,000 after purchasing an additional 3,217 shares during the last quarter. Finally, GAMMA Investing LLC increased 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 worth $81,000 after purchasing an additional 516 shares in the last quarter. 88.38% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Walter M. Fiederowicz sold 5,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $19.16, for a total transaction of $95,800.00. Following the completion of the transaction, the director now directly owns 24,548 shares in the company, valued at $470,339.68. The trade was a 16.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kang Jyh Lee sold 10,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total value of $209,000.00. Following the completion of the sale, the chief executive officer now owns 552,100 shares in the company, valued at $11,538,890. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,548 shares of company stock worth $877,093 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Photronics Trading Up 0.1 %

Shares of PLAB stock opened at $17.69 on Tuesday. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $31.60. The stock has a market capitalization of $1.12 billion, a P/E ratio of 8.46 and a beta of 1.40. The firm’s 50 day moving average is $20.26 and its 200 day moving average is $22.78.

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. 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 analyst estimates of $210.00 million. During the same period last year, the company earned $0.48 earnings per share. On average, equities analysts predict 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.