Raymond James Financial Inc. Invests $1.21 Million in Photronics, Inc. (NASDAQ:PLAB)

Raymond James Financial Inc. purchased a new position in Photronics, Inc. (NASDAQ:PLAB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 51,184 shares of the semiconductor company’s stock, valued at approximately $1,206,000. Raymond James Financial Inc. owned about 0.08% of Photronics at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Photronics by 15.0% in the 4th quarter. Renaissance Technologies LLC now owns 223,788 shares of the semiconductor company’s stock worth $5,272,000 after acquiring an additional 29,193 shares during the period. Cerity Partners LLC increased its stake in shares of Photronics by 9.2% in the fourth quarter. Cerity Partners LLC now owns 9,314 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 785 shares during the period. Federated Hermes Inc. bought a new stake in shares of Photronics during the fourth quarter valued at approximately $47,000. Envestnet Asset Management Inc. boosted its position in shares of Photronics by 1.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 38,042 shares of the semiconductor company’s stock worth $896,000 after buying an additional 690 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Photronics by 170.0% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 22,267 shares of the semiconductor company’s stock worth $525,000 after buying an additional 14,020 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Insider Activity

In other Photronics news, Director Walter M. Fiederowicz sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was 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 in the company, valued at $639,123.24. This represents a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 54,548 shares of company stock worth $1,093,093 over the last three months. Corporate insiders own 3.20% of the company’s stock.

Photronics Price Performance

PLAB opened at $19.22 on Friday. The stock’s 50 day moving average price is $19.60 and its 200 day moving average price is $22.44. The stock has a market cap of $1.22 billion, a P/E ratio of 9.20 and a beta of 1.40. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $31.60.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $212.14 million for the quarter, compared to analysts’ expectations of $210.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. During the same period in the previous year, the business earned $0.48 earnings per share. Equities analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current year.

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.