Public Employees Retirement Association of Colorado Sells 757 Shares of Photronics, Inc. (NASDAQ:PLAB)

Public Employees Retirement Association of Colorado lowered its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,355 shares of the semiconductor company’s stock after selling 757 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Photronics were worth $150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Photronics by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 5,868,889 shares of the semiconductor company’s stock worth $138,271,000 after buying an additional 29,681 shares during the last quarter. LSV Asset Management raised its stake in Photronics by 13.8% during the fourth quarter. LSV Asset Management now owns 2,120,319 shares of the semiconductor company’s stock valued at $49,955,000 after buying an additional 257,373 shares during the last quarter. American Century Companies Inc. boosted its holdings in Photronics by 8.6% in the fourth quarter. American Century Companies Inc. now owns 2,018,887 shares of the semiconductor company’s stock worth $47,565,000 after acquiring an additional 159,245 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Photronics by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,775,402 shares of the semiconductor company’s stock worth $41,837,000 after acquiring an additional 30,237 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Photronics by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,007,582 shares of the semiconductor company’s stock valued at $23,739,000 after acquiring an additional 40,579 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Price Performance

Shares of Photronics stock opened at $19.22 on Friday. Photronics, Inc. has a 1 year low of $16.46 and a 1 year high of $31.60. The firm’s 50-day moving average is $19.60 and its 200 day moving average is $22.45. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 9.20 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $212.14 million for the quarter, compared to the consensus estimate 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 posted $0.48 earnings per share. On average, equities analysts expect that Photronics, Inc. will post 2.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Walter M. Fiederowicz sold 5,000 shares of Photronics stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $17.79, for a total value of $88,950.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $88,950. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 19th. The shares were sold at an average price of $21.60, for a total transaction of $216,000.00. Following the transaction, the chief executive officer now directly owns 542,100 shares of the company’s stock, valued at $11,709,360. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,548 shares of company stock valued at $1,093,093. Corporate insiders own 3.20% of the company’s stock.

About Photronics

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.