Heck Capital Advisors LLC Invests $110,000 in Photronics, Inc. (NASDAQ:PLAB)

Heck Capital Advisors LLC purchased a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) in the fourth quarter, Holdings Channel reports. The firm purchased 4,670 shares of the semiconductor company’s stock, valued at approximately $110,000.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE boosted its position in shares of Photronics by 137.2% during the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 701 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Photronics by 65.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 567 shares in the last quarter. GAMMA Investing LLC grew its stake in Photronics by 65.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock worth $73,000 after buying an additional 1,164 shares in the last quarter. KBC Group NV increased its holdings in shares of 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 buying an additional 1,506 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Photronics during the 3rd quarter worth $112,000. 88.38% of the stock is currently owned by institutional investors.

Photronics Price Performance

Shares of NASDAQ PLAB opened at $22.99 on Monday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 11.00 and a beta of 1.39. Photronics, Inc. has a one year low of $20.25 and a one year high of $34.16. The firm’s 50 day simple moving average is $24.41 and its two-hundred day simple moving average is $24.13.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The company had revenue of $222.60 million for the quarter, compared to analysts’ expectations of $218.00 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson increased their target price on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 12th.

Insider Activity at Photronics

In related news, Director Adam M. Lewis sold 19,750 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $24.11, for a total transaction of $476,172.50. Following the completion of the transaction, the director now owns 22,250 shares in the company, valued at $536,447.50. This represents a 47.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kang Jyh Lee sold 20,000 shares of Photronics stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $25.27, for a total value of $505,400.00. Following the sale, the chief executive officer now directly owns 524,600 shares in the company, valued at approximately $13,256,642. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 199,000 shares of company stock worth $4,878,810 in the last ninety days. 3.88% of the stock is owned by company insiders.

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.