Segall Bryant & Hamill LLC Has $5.01 Million Position in Photronics, Inc. (NASDAQ:PLAB)

Segall Bryant & Hamill LLC boosted its position in Photronics, Inc. (NASDAQ:PLAB) by 83.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,783 shares of the semiconductor company’s stock after buying an additional 96,769 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.34% of Photronics worth $5,013,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Photronics by 216.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 762 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Photronics by 65.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 904 shares in the last quarter. GAMMA Investing LLC grew its position in Photronics by 17.6% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 516 shares in the last quarter. KBC Group NV increased its stake in 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 buying an additional 1,506 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in Photronics during the 4th quarter worth about $110,000. Institutional investors own 88.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Photronics

In related news, Director Walter M. Fiederowicz sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $24.13, for a total transaction of $241,300.00. Following the transaction, the director now directly owns 32,000 shares of the company’s stock, valued at approximately $772,160. The trade was a 23.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kang Jyh Lee sold 17,500 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total value of $421,750.00. Following the completion of the sale, the chief executive officer now owns 510,850 shares in the company, valued at approximately $12,311,485. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,500 shares of company stock worth $1,829,138. Insiders own 3.20% of the company’s stock.

Photronics Stock Down 1.8 %

Shares of Photronics stock opened at $21.28 on Friday. Photronics, Inc. has a 12-month low of $19.61 and a 12-month high of $31.60. The business’s 50 day moving average is $22.02 and its 200-day moving average is $23.48. The stock has a market cap of $1.35 billion, a P/E ratio of 10.18 and a beta of 1.43.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The firm had revenue of $212.14 million for the quarter, compared to analyst estimates of $210.00 million. During the same period in the prior year, the firm 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 Company 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.