Trexquant Investment LP purchased a new stake in shares of Photronics, Inc. (NASDAQ:PLAB – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,999 shares of the semiconductor company’s stock, valued at approximately $1,477,000. Trexquant Investment LP owned 0.16% of Photronics as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its position in Photronics by 81.1% during the third quarter. CWM LLC now owns 1,849 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 828 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Photronics during the third quarter valued at about $34,000. Covestor Ltd boosted its position in Photronics by 587.5% during the first quarter. Covestor Ltd now owns 2,427 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 2,074 shares during the period. Federated Hermes Inc. boosted its position in Photronics by 77.5% during the first quarter. Federated Hermes Inc. now owns 2,798 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 1,222 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Photronics during the first quarter valued at about $59,000. 90.41% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Mitchell G. Tyson sold 2,000 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $17.33, for a total value of $34,660.00. Following the completion of the transaction, the director now directly owns 56,379 shares of the company’s stock, valued at $977,048.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.31% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Photronics Stock Performance
Shares of NASDAQ:PLAB opened at $16.65 on Monday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 9.10 and a beta of 1.19. The company has a 50-day moving average price of $17.94 and a 200-day moving average price of $17.22. The company has a current ratio of 3.52, a quick ratio of 3.25 and a debt-to-equity ratio of 0.02. Photronics, Inc. has a 12 month low of $13.87 and a 12 month high of $25.81.
Photronics (NASDAQ:PLAB – Get Rating) last released its quarterly earnings results on Monday, February 20th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. Photronics had a net margin of 13.26% and a return on equity of 11.20%. The company had revenue of $211.09 million during the quarter, compared to the consensus estimate of $194.00 million. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts anticipate that Photronics, Inc. will post 1.82 EPS for the current year.
Photronics Company Profile
Photronics, Inc engages in the provision of photomasks. It manufactures semiconductors and flat-panel displays and is used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during the fabrication of integrated circuits, a variety of FPDs and other types of electrical and optical components.
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