27,585 Shares in Photronics, Inc. (NASDAQ:PLAB) Purchased by Illumine Investment Management LLC

Illumine Investment Management LLC acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLAB) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 27,585 shares of the semiconductor company’s stock, valued at approximately $650,000.

Several other institutional investors have also modified their holdings of PLAB. US Bancorp DE increased its position in Photronics by 137.2% during the third 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 increased its stake in Photronics by 65.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after buying an additional 567 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Photronics by 65.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 904 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Photronics by 17.6% in 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 during the period. Finally, KBC Group NV grew its stake in Photronics by 76.8% in the fourth 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. 88.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, SVP Han Kyung Park sold 11,250 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $23.80, for a total transaction of $267,750.00. Following the transaction, the senior vice president now directly owns 102,500 shares of the company’s stock, valued at approximately $2,439,500. This represents a 9.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kang Jyh Lee sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $25.27, for a total value of $505,400.00. Following the completion of the sale, the chief executive officer now directly owns 524,600 shares of the company’s stock, valued at $13,256,642. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 199,000 shares of company stock worth $4,878,810. 3.20% of the stock is owned by corporate insiders.

Photronics Stock Performance

NASDAQ PLAB opened at $20.59 on Friday. The company has a market cap of $1.31 billion, a PE ratio of 9.85 and a beta of 1.37. Photronics, Inc. has a 52-week low of $20.25 and a 52-week high of $31.60. The firm’s 50 day moving average price is $23.17 and its 200-day moving average price is $23.85.

Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $212.14 million during the quarter, compared to analyst estimates of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same period in the previous year, the company posted $0.48 EPS. On average, analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

About Photronics

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.