8,000 Shares in Photronics, Inc. (NASDAQ:PLAB) Purchased by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan bought a new position in shares of Photronics, Inc. (NASDAQ:PLAB) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,000 shares of the semiconductor company’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. LSV Asset Management increased its stake in shares of Photronics by 88.3% in the 3rd quarter. LSV Asset Management now owns 1,560,215 shares of the semiconductor company’s stock worth $31,532,000 after acquiring an additional 731,793 shares during the last quarter. Pacer Advisors Inc. lifted its position in Photronics by 64.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,397,983 shares of the semiconductor company’s stock valued at $43,855,000 after buying an additional 547,510 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Photronics by 89.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 687,581 shares of the semiconductor company’s stock valued at $13,896,000 after acquiring an additional 325,280 shares during the period. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Photronics in the 4th quarter valued at $6,019,000. Finally, Vanguard Group Inc. lifted its stake in Photronics by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,321,531 shares of the semiconductor company’s stock worth $107,548,000 after acquiring an additional 186,718 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Photronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Photronics Stock Up 1.9 %

NASDAQ PLAB traded up $0.52 on Friday, hitting $28.28. 233,589 shares of the stock were exchanged, compared to its average volume of 550,262. Photronics, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $34.16. The company has a 50-day moving average price of $28.39 and a 200-day moving average price of $26.48. The company has a market cap of $1.79 billion, a PE ratio of 12.67 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Photronics had a return on equity of 10.37% and a net margin of 15.34%. The company had revenue of $216.30 million for the quarter, compared to analyst estimates of $220.00 million. During the same period in the previous year, the business posted $0.40 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Photronics, Inc. will post 2.15 EPS for the current fiscal 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.