Deutsche Bank AG Boosts Position in Photronics, Inc. (NASDAQ:PLAB)

Deutsche Bank AG lifted its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,467 shares of the semiconductor company’s stock after acquiring an additional 4,589 shares during the period. Deutsche Bank AG owned 0.10% of Photronics worth $1,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PLAB. Smartleaf Asset Management LLC raised its holdings 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 period. Federated Hermes Inc. purchased a new stake in Photronics in the 4th quarter valued at about $47,000. Parkside Financial Bank & Trust raised its holdings in Photronics by 65.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 904 shares during the period. KBC Group NV raised its holdings in Photronics by 76.8% in the 4th quarter. KBC Group NV now owns 3,467 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 1,506 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Photronics in the 4th quarter valued at about $101,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Insiders Place Their Bets

In other Photronics news, Director Walter M. Fiederowicz sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $17.79, for a total transaction of $88,950.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at $88,950. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kang Jyh Lee sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total transaction of $209,000.00. Following the sale, the chief executive officer now owns 552,100 shares in the company, valued at $11,538,890. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,548 shares of company stock worth $1,093,093 over the last three months. Company insiders own 3.20% of the company’s stock.

Photronics Trading Down 1.9%

Shares of PLAB opened at $19.47 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of 9.32 and a beta of 1.43. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60. The company’s 50-day moving average price is $19.32 and its 200 day moving average price is $22.06.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The company 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 period in the prior year, the firm earned $0.48 earnings per share. Equities research analysts forecast that Photronics, Inc. will post 2.3 earnings per share 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.