Photronics, Inc. (NASDAQ:PLAB) Stake Lowered by Invesco Ltd.

Invesco Ltd. decreased its position in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,122,855 shares of the semiconductor company's stock after selling 111,086 shares during the period. Invesco Ltd. owned approximately 1.77% of Photronics worth $26,454,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in Photronics by 9.2% in the 4th quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company's stock worth $227,000 after buying an additional 785 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Photronics in the fourth quarter worth $47,000. Envestnet Asset Management Inc. increased its holdings in shares of Photronics by 1.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company's stock valued at $896,000 after purchasing an additional 690 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of Photronics by 170.0% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 22,267 shares of the semiconductor company's stock valued at $525,000 after purchasing an additional 14,020 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Photronics by 20.7% in the fourth quarter. Wells Fargo & Company MN now owns 57,479 shares of the semiconductor company's stock worth $1,354,000 after purchasing an additional 9,840 shares during the period. Institutional investors and hedge funds own 88.38% of the company's stock.

Photronics Stock Up 3.2 %

Photronics stock traded up $0.58 during trading hours on Thursday, hitting $18.61. 104,262 shares of the company traded hands, compared to its average volume of 513,672. The firm's 50-day simple moving average is $20.08 and its two-hundred day simple moving average is $22.71. The firm has a market cap of $1.18 billion, a P/E ratio of 8.90 and a beta of 1.40. Photronics, Inc. has a 1-year low of $16.46 and a 1-year high of $31.60.

Photronics (NASDAQ:PLAB - Get Free Report) last released its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The firm had revenue of $212.14 million during the quarter, compared to the consensus estimate of $210.00 million. During the same period in the prior year, the firm posted $0.48 earnings per share. On average, equities research analysts predict that Photronics, Inc. will post 2.3 earnings per share for the current year.

Insider Activity at Photronics

In related news, Director Walter M. Fiederowicz sold 5,000 shares of Photronics stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $17.79, for a total value of $88,950.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $88,950. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kang Jyh Lee sold 10,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total transaction of $209,000.00. Following the completion of the transaction, the chief executive officer now owns 552,100 shares of the company's stock, valued at approximately $11,538,890. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,548 shares of company stock valued at $877,093 over the last ninety days. Insiders own 3.20% of the company's stock.

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.