Photronics, Inc. (NASDAQ:PLAB) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC lifted its holdings in Photronics, Inc. (NASDAQ:PLAB) by 135.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,940 shares of the semiconductor company’s stock after purchasing an additional 71,220 shares during the quarter. Vident Advisory LLC owned about 0.20% of Photronics worth $3,510,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. SummerHaven Investment Management LLC lifted its position in Photronics by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 27,266 shares of the semiconductor company’s stock worth $855,000 after acquiring an additional 370 shares during the period. Texas Permanent School Fund Corp lifted its position in Photronics by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 54,791 shares of the semiconductor company’s stock worth $1,552,000 after acquiring an additional 759 shares during the period. ICA Group Wealth Management LLC acquired a new stake in Photronics during the 4th quarter worth about $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Photronics by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,499 shares of the semiconductor company’s stock worth $1,208,000 after acquiring an additional 819 shares during the period. Finally, ProShare Advisors LLC lifted its position in Photronics by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 12,345 shares of the semiconductor company’s stock worth $350,000 after acquiring an additional 848 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Price Performance

PLAB traded up $0.23 on Friday, reaching $25.45. 220,956 shares of the stock were exchanged, compared to its average volume of 515,406. The company’s 50-day moving average price is $26.02 and its 200 day moving average price is $28.06. Photronics, Inc. has a fifty-two week low of $18.03 and a fifty-two week high of $34.16. The firm has a market capitalization of $1.61 billion, a PE ratio of 11.68 and a beta of 1.38.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.09). The company had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $231.00 million. Photronics had a net margin of 15.14% and a return on equity of 9.73%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. As a group, equities analysts forecast that Photronics, Inc. will post 2.1 earnings per share for the current fiscal year.

About Photronics

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.