6,940 Shares in Photronics, Inc. (NASDAQ:PLAB) Purchased by RIA Advisory Group LLC

RIA Advisory Group LLC bought a new position in Photronics, Inc. (NASDAQ:PLAB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,940 shares of the semiconductor company’s stock, valued at approximately $218,000.

Other large investors also recently modified their holdings of the company. US Bancorp DE lifted its holdings in Photronics by 201.5% in the second quarter. US Bancorp DE now owns 1,022 shares of the semiconductor company’s stock worth $26,000 after buying an additional 683 shares during the period. Orion Capital Management LLC purchased a new stake in Photronics in the third quarter worth about $28,000. Tower Research Capital LLC TRC lifted its holdings in Photronics by 49.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the semiconductor company’s stock worth $36,000 after buying an additional 582 shares during the period. Covestor Ltd lifted its holdings in Photronics by 587.5% in the first quarter. Covestor Ltd now owns 2,427 shares of the semiconductor company’s stock worth $41,000 after buying an additional 2,074 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Photronics by 77.5% in the first quarter. Federated Hermes Inc. now owns 2,798 shares of the semiconductor company’s stock worth $47,000 after buying an additional 1,222 shares during the period. 88.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Photronics Stock Down 3.0 %

Shares of PLAB stock traded down $0.77 during trading hours on Friday, hitting $25.32. 427,464 shares of the company’s stock traded hands, compared to its average volume of 566,925. The stock’s fifty day simple moving average is $29.02 and its two-hundred day simple moving average is $26.26. Photronics, Inc. has a 12-month low of $13.86 and a 12-month high of $34.16. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 11.70 and a beta of 1.40.

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