Pacific Ridge Capital Partners LLC Purchases 12,430 Shares of Photronics, Inc. (NASDAQ:PLAB)

Pacific Ridge Capital Partners LLC grew its holdings in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 30.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,419 shares of the semiconductor company's stock after purchasing an additional 12,430 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 0.08% of Photronics worth $1,259,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PLAB. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 762 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Photronics by 65.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company's stock worth $54,000 after acquiring an additional 904 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Photronics by 17.6% in the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company's stock worth $81,000 after purchasing an additional 516 shares during the period. KBC Group NV lifted its stake in shares of 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 purchasing an additional 1,506 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Photronics during the 4th quarter worth approximately $110,000. 88.38% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, DA Davidson upped their price objective on shares of Photronics from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, December 12th.

Insiders Place Their Bets

In other news, SVP Han Kyung Park sold 11,250 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $24.63, for a total value of $277,087.50. Following the completion of the sale, the senior vice president now directly owns 118,000 shares of the company's stock, valued at $2,906,340. This represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kang Jyh Lee sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $20.90, for a total transaction of $209,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,500 shares of company stock worth $1,829,138. 3.20% of the stock is owned by corporate insiders.

Photronics Price Performance

Shares of NASDAQ:PLAB traded down $0.16 during trading on Monday, reaching $20.44. 240,132 shares of the company's stock traded hands, compared to its average volume of 569,334. Photronics, Inc. has a 12 month low of $19.61 and a 12 month high of $31.60. The stock has a market capitalization of $1.30 billion, a P/E ratio of 9.78 and a beta of 1.43. The company has a 50 day moving average of $21.94 and a 200-day moving average of $23.48.

Photronics (NASDAQ:PLAB - Get Free Report) last posted its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $212.14 million during the quarter, compared to analysts' expectations of $210.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. During the same quarter in the prior year, the firm earned $0.48 EPS. Equities research analysts predict 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.