Photronics, Inc. (NASDAQ:PLAB) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC reduced its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,970 shares of the semiconductor company’s stock after selling 480 shares during the period. Uncommon Cents Investing LLC’s holdings in Photronics were worth $2,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in Photronics by 201.5% during the second quarter. US Bancorp DE now owns 1,022 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 683 shares during the period. Orion Capital Management LLC acquired a new position in Photronics during the third quarter valued at $28,000. Tower Research Capital LLC TRC lifted its position in Photronics by 49.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 582 shares during the period. Covestor Ltd lifted its position in Photronics by 587.5% during the first quarter. Covestor Ltd now owns 2,427 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 2,074 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Photronics in the third quarter valued at $53,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Photronics Stock Performance

PLAB opened at $28.32 on Friday. Photronics, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $34.16. The company has a fifty day moving average of $29.93 and a two-hundred day moving average of $25.39. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 12.70 and a beta of 1.41.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $220.00 million. Photronics had a return on equity of 10.37% and a net margin of 15.34%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. On average, equities research analysts forecast that Photronics, Inc. will post 2.15 earnings per share 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.