8,300 Shares in Photronics, Inc. (NASDAQ:PLAB) Purchased by Bailard Inc.

Bailard Inc. acquired a new stake in Photronics, Inc. (NASDAQ:PLAB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,300 shares of the semiconductor company’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in shares of Photronics during the 3rd quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted its position in Photronics by 571.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,054 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 897 shares during the period. GAMMA Investing LLC acquired a new position in shares of Photronics in the fourth quarter valued at $40,000. Spire Wealth Management bought a new position in shares of Photronics in the third quarter valued at about $63,000. Finally, Mendota Financial Group LLC lifted its stake in shares of Photronics by 20.8% during the 4th quarter. Mendota Financial Group LLC now owns 6,125 shares of the semiconductor company’s stock worth $192,000 after buying an additional 1,053 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Photronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Photronics Trading Up 1.9 %

Shares of NASDAQ PLAB opened at $28.28 on Monday. The firm has a market cap of $1.79 billion, a P/E ratio of 12.68 and a beta of 1.40. The business’s 50 day moving average is $28.29 and its 200-day moving average is $26.62. Photronics, Inc. has a 1-year low of $13.86 and a 1-year high of $34.16.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Photronics had a net margin of 15.34% and a return on equity of 10.37%. The firm had revenue of $216.30 million during the quarter, compared to analyst estimates of $220.00 million. During the same period in the prior year, the company earned $0.40 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts forecast that Photronics, Inc. will post 2.15 EPS for the current 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.