Photronics, Inc. (NASDAQ:PLAB) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Photronics, Inc. (NASDAQ:PLAB) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,499 shares of the semiconductor company’s stock after purchasing an additional 819 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Photronics worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PLAB. Orion Capital Management LLC acquired a new position in Photronics in the third quarter valued at $28,000. Spire Wealth Management acquired a new position in Photronics in the third quarter valued at $63,000. Mendota Financial Group LLC increased its stake in Photronics by 20.8% in the fourth quarter. Mendota Financial Group LLC now owns 6,125 shares of the semiconductor company’s stock valued at $192,000 after purchasing an additional 1,053 shares during the last quarter. Arlington Trust Co LLC acquired a new position in Photronics in the fourth quarter valued at $205,000. Finally, Lbmc Investment Advisors LLC acquired a new position in Photronics in the fourth quarter valued at $210,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Photronics Trading Up 1.9 %

PLAB stock opened at $28.28 on Friday. The stock has a 50-day moving average price of $28.29 and a two-hundred day moving average price of $26.53. Photronics, Inc. has a 12-month low of $13.86 and a 12-month high of $34.16. The company has a market cap of $1.79 billion, a PE ratio of 12.68 and a beta of 1.40.

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

Analysts Set New Price Targets

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

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.