Photronics, Inc. (PLAB) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its holdings in Photronics, Inc. (NASDAQ:PLAB) by 111.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,078 shares of the semiconductor company’s stock after purchasing an additional 7,962 shares during the period. Public Employees Retirement System of Ohio’s holdings in Photronics were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PLAB. Victory Capital Management Inc. grew its holdings in Photronics by 1,665.8% in the second quarter. Victory Capital Management Inc. now owns 1,766,054 shares of the semiconductor company’s stock valued at $16,601,000 after purchasing an additional 1,666,037 shares during the period. Donald Smith & CO. Inc. grew its holdings in Photronics by 18.8% in the second quarter. Donald Smith & CO. Inc. now owns 5,267,874 shares of the semiconductor company’s stock valued at $49,518,000 after purchasing an additional 835,254 shares during the period. Alliancebernstein L.P. grew its holdings in Photronics by 24.1% in the second quarter. Alliancebernstein L.P. now owns 2,135,442 shares of the semiconductor company’s stock valued at $20,073,000 after purchasing an additional 414,930 shares during the period. D.A. Davidson & CO. grew its holdings in Photronics by 2,734.1% in the second quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock valued at $3,796,000 after purchasing an additional 389,610 shares during the period. Finally, Northern Trust Corp grew its holdings in Photronics by 30.9% in the second quarter. Northern Trust Corp now owns 1,645,280 shares of the semiconductor company’s stock valued at $15,466,000 after purchasing an additional 388,133 shares during the period. 95.71% of the stock is currently owned by institutional investors.

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Shares of Photronics, Inc. (NASDAQ:PLAB) opened at $8.75 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.91 and a quick ratio of 5.59. Photronics, Inc. has a 1-year low of $7.55 and a 1-year high of $12.10. The company has a market capitalization of $610.11, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 1.89 and a beta of 0.54.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Monday, August 14th. The semiconductor company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). Photronics had a net margin of 4.30% and a return on equity of 2.18%. The business had revenue of $111.60 million during the quarter, compared to analyst estimates of $115.14 million. During the same period in the previous year, the business posted $0.12 earnings per share. equities research analysts anticipate that Photronics, Inc. will post 0.19 EPS for the current year.

Several analysts have commented on PLAB shares. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub lowered Photronics from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.

In other news, CFO Sean T. Smith sold 18,750 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $9.48, for a total value of $177,750.00. Following the transaction, the chief financial officer now owns 159,108 shares in the company, valued at $1,508,343.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Richelle E. Burr sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $9.00, for a total value of $27,000.00. Following the completion of the transaction, the vice president now owns 45,109 shares in the company, valued at approximately $405,981. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,500 shares of company stock worth $412,463. Company insiders own 3.71% of the company’s stock.

About Photronics

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.

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Institutional Ownership by Quarter for Photronics (NASDAQ:PLAB)

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