MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,197 Shares of Photronics, Inc. (NASDAQ:PLAB)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,047 shares of the semiconductor company’s stock after purchasing an additional 1,197 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Photronics worth $826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in shares of Photronics by 297.2% in the third quarter. Barclays PLC now owns 114,133 shares of the semiconductor company’s stock worth $2,826,000 after buying an additional 85,397 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Photronics by 2.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 57,015 shares of the semiconductor company’s stock worth $1,343,000 after acquiring an additional 1,333 shares during the period. KBC Group NV lifted its stake in Photronics by 76.8% in the 4th quarter. KBC Group NV now owns 3,467 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 1,506 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Photronics in the 4th quarter valued at $110,000. Finally, Hodges Capital Management Inc. increased its holdings in shares of Photronics by 38.4% in the fourth quarter. Hodges Capital Management Inc. now owns 210,975 shares of the semiconductor company’s stock worth $4,970,000 after purchasing an additional 58,590 shares during the period. 88.38% of the stock is currently owned by institutional investors.

Photronics Stock Performance

NASDAQ:PLAB opened at $19.47 on Tuesday. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $31.60. The stock has a fifty day moving average of $19.29 and a 200 day moving average of $21.99. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.32 and a beta of 1.43.

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, beating analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $212.14 million during the quarter, compared to the consensus estimate of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same quarter last year, the company posted $0.48 EPS. Equities analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Photronics

In other news, Director Walter M. Fiederowicz sold 10,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $21.63, for a total transaction of $216,300.00. Following the transaction, the director now directly owns 29,548 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 54,548 shares of company stock worth $1,093,093 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Photronics 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.