Aegis Financial Corp maintained its position in shares of Photronics, Inc. (NASDAQ:PLAB) during the fourth quarter, Holdings Channel reports. The fund owned 248,202 shares of the company’s stock at the end of the fourth quarter. Photronics makes up approximately 2.8% of Aegis Financial Corp’s holdings, making the stock its 15th largest position. Aegis Financial Corp owned approximately 0.36% of Photronics worth $2,805,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Lombardia Capital Partners LLC increased its position in shares of Photronics by 22.0% in the third quarter. Lombardia Capital Partners LLC now owns 1,351,027 shares of the company’s stock worth $13,929,000 after buying an additional 243,789 shares during the last quarter. State Street Corp boosted its position in Photronics by 3.7% in the fourth quarter. State Street Corp now owns 1,339,277 shares of the company’s stock valued at $15,132,000 after buying an additional 48,339 shares during the last quarter. LSV Asset Management boosted its position in Photronics by 7.6% in the third quarter. LSV Asset Management now owns 1,287,857 shares of the company’s stock valued at $13,277,000 after buying an additional 90,686 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Photronics by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 755,916 shares of the company’s stock valued at $7,793,000 after buying an additional 10,728 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Photronics by 10.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 661,224 shares of the company’s stock valued at $5,892,000 after buying an additional 63,035 shares during the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.
Photronics, Inc. (NASDAQ:PLAB) remained flat at $11.30 during midday trading on Tuesday. 371,817 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $11.39 and its 200-day moving average price is $10.46. The firm has a market cap of $772.07 million, a PE ratio of 17.55 and a beta of 0.52. Photronics, Inc. has a 12-month low of $8.20 and a 12-month high of $12.10.
Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Tuesday, December 6th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Photronics had a return on equity of 4.06% and a net margin of 9.56%. The firm earned $107.40 million during the quarter. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business’s revenue was down 24.2% on a year-over-year basis. Equities research analysts expect that Photronics, Inc. will post $0.54 earnings per share for the current fiscal year.
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PLAB has been the subject of several analyst reports. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a report on Friday, November 25th. Needham & Company LLC downgraded Photronics from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Finally, Stifel Nicolaus lowered Photronics from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Photronics has an average rating of “Hold” and a consensus price target of $13.00.
In related news, CEO Peter S. Kirlin sold 5,842 shares of the firm’s stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $11.30, for a total value of $66,014.60. Following the transaction, the chief executive officer now owns 149,540 shares of the company’s stock, valued at approximately $1,689,802. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 8,242 shares of company stock worth $94,107. 4.12% of the stock is owned by insiders.
Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.
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