Bridge City Capital LLC Has $2.13 Million Position in Photronics, Inc. (NASDAQ:PLAB)

Bridge City Capital LLC boosted its holdings in Photronics, Inc. (NASDAQ:PLAB) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 90,245 shares of the semiconductor company’s stock after acquiring an additional 708 shares during the quarter. Bridge City Capital LLC’s holdings in Photronics were worth $2,126,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PLAB. Segall Bryant & Hamill LLC grew its position in Photronics by 1.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 116,014 shares of the semiconductor company’s stock valued at $2,873,000 after purchasing an additional 1,630 shares during the period. Intech Investment Management LLC lifted its stake in Photronics by 28.3% during the 3rd quarter. Intech Investment Management LLC now owns 23,196 shares of the semiconductor company’s stock valued at $574,000 after acquiring an additional 5,120 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Photronics by 6.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 93,844 shares of the semiconductor company’s stock valued at $2,324,000 after acquiring an additional 5,912 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Photronics by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 967,003 shares of the semiconductor company’s stock valued at $23,943,000 after acquiring an additional 32,977 shares in the last quarter. Finally, Algert Global LLC lifted its stake in Photronics by 39.0% during the 3rd quarter. Algert Global LLC now owns 59,182 shares of the semiconductor company’s stock valued at $1,465,000 after acquiring an additional 16,620 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Insider Transactions at Photronics

In other news, CEO Kang Jyh Lee sold 10,000 shares of Photronics stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total transaction of $209,000.00. Following the sale, the chief executive officer now directly owns 552,100 shares in the company, valued at $11,538,890. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Han Kyung Park sold 11,250 shares of Photronics stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $24.63, for a total value of $277,087.50. Following the sale, the senior vice president now owns 118,000 shares in the company, valued at $2,906,340. The trade was a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,250 shares of company stock worth $2,540,688 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Photronics Trading Down 1.6 %

Shares of NASDAQ:PLAB opened at $21.01 on Friday. The stock’s fifty day simple moving average is $22.21 and its two-hundred day simple moving average is $23.52. Photronics, Inc. has a 1-year low of $19.61 and a 1-year high of $31.60. The stock has a market cap of $1.34 billion, a PE ratio of 10.05 and a beta of 1.43.

Photronics (NASDAQ:PLAB) last released its 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. The company had revenue of $212.14 million for the quarter, compared to analysts’ expectations of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same period in the previous year, the business posted $0.48 EPS. On average, sell-side analysts forecast 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.