Photronics, Inc. (PLAB) Stake Maintained by Smithfield Trust Co.

Smithfield Trust Co. held its stake in shares of Photronics, Inc. (NASDAQ:PLAB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,185 shares of the semiconductor company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Photronics were worth $162,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PLAB. Swiss National Bank raised its stake in shares of Photronics by 3.4% in the first quarter. Swiss National Bank now owns 112,400 shares of the semiconductor company’s stock worth $1,203,000 after buying an additional 3,700 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Photronics by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 1,803,629 shares of the semiconductor company’s stock worth $19,300,000 after buying an additional 45,821 shares during the last quarter. Princeton Alpha Management LP raised its stake in shares of Photronics by 24.2% in the first quarter. Princeton Alpha Management LP now owns 15,950 shares of the semiconductor company’s stock worth $171,000 after buying an additional 3,105 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Photronics by 16.8% in the first quarter. Wedge Capital Management L L P NC now owns 30,074 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 4,326 shares in the last quarter. Finally, Sentinel Trust Co. LBA raised its stake in Photronics by 44.0% in the first quarter. Sentinel Trust Co. LBA now owns 227,679 shares of the semiconductor company’s stock valued at $2,436,000 after buying an additional 69,590 shares in the last quarter.

Shares of Photronics, Inc. (NASDAQ PLAB) traded down 2.58% on Friday, hitting $7.55. 1,449,429 shares of the stock were exchanged. The company’s 50 day moving average is $9.66 and its 200-day moving average is $10.49. The stock has a market cap of $517.36 million, a PE ratio of 39.74 and a beta of 0.48. Photronics, Inc. has a 52-week low of $7.55 and a 52-week high of $12.10.

Photronics (NASDAQ:PLAB) last issued its earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.03. Photronics had a return on equity of 1.34% and a net margin of 2.97%. The firm 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 company earned $0.12 earnings per share. Analysts predict that Photronics, Inc. will post $0.23 EPS for the current fiscal year.

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Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of Photronics from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Photronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research lowered shares of Photronics from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.83.

In other Photronics news, VP Christopher J. Progler sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $10.05, for a total value of $40,200.00. Following the transaction, the vice president now directly owns 78,900 shares of the company’s stock, valued at approximately $792,945. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.71% of the company’s stock.

Photronics Company Profile

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.

Institutional Ownership by Quarter for Photronics (NASDAQ:PLAB)

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