Envestnet Asset Management Inc. Acquires 690 Shares of Photronics, Inc. (NASDAQ:PLAB)

Envestnet Asset Management Inc. boosted its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,042 shares of the semiconductor company’s stock after acquiring an additional 690 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of Photronics worth $896,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in Photronics by 216.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 762 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Photronics by 65.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 904 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Photronics by 17.6% during the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 516 shares in the last quarter. KBC Group NV raised its stake in shares of Photronics by 76.8% during the fourth quarter. KBC Group NV now owns 3,467 shares of the semiconductor company’s stock valued at $82,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of Photronics in the 4th quarter valued at about $110,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Stock Performance

NASDAQ:PLAB opened at $18.42 on Friday. The firm has a market cap of $1.17 billion, a P/E ratio of 8.81 and a beta of 1.40. The firm’s fifty day moving average is $19.63 and its 200-day moving average is $22.48. Photronics, Inc. has a 52 week low of $16.46 and a 52 week high of $31.60.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm had revenue of $212.14 million for the quarter, compared to analyst estimates 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 business earned $0.48 earnings per share. As a group, sell-side analysts anticipate that Photronics, Inc. will post 2.3 earnings per share for the current year.

Insider Buying and Selling at Photronics

In other Photronics news, Director Walter M. Fiederowicz sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $21.63, for a total value of $216,300.00. Following the completion of the sale, the director now directly owns 29,548 shares of the company’s stock, valued at approximately $639,123.24. This represents a 25.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 54,548 shares of company stock valued at $1,093,093. Corporate insiders own 3.20% of the company’s stock.

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.