(NASDAQ:PLAB) by 4.7% during the first quarter, Holdings Channel reports. Company insiders own 3.71% of the company's stock. Its position was valued at $54,338,000 a decrease of 12.0% as of quarter end.
PLAB has been the topic of a number of other research reports. Virtu Financial LLC acquired a new position in shares of Ultratech during the first quarter valued at about $286,000. Sentinel Trust Co. LBA increased its position in shares of Photronics by 44.0% in the first quarter.
Cortina Asset Management, LLC bolstered its holdings by buying 15,727 shares an increase of 2.3% in the quarter. Finally, American International Group Inc. raised its position in Photronics by 7.1% in the first quarter. PNC Financial Services Group Inc. now owns 41,820 shares of the semiconductor company's stock worth $448,000 after buying an additional 2,104 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Photronics by 16.8% in the first quarter. As of the end of the quarter Renaissance Technologies LLC had bought 23,200 shares growing its holdings by 1.2%. Institutional investors own 97.86% of the company's stock. Company shares last traded at $9.50 which is just a bit below $9.84, the stock's 50 day moving average and which is much lower than the 200 day moving average of $10.63. The company has a market capitalization of $678.39 million, a price-to-earnings ratio of 39.72 and a beta of 0.48.
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Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, May 17th. The semiconductor company reported $0.03 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.02. Photronics had a return on equity of 1.84% and a net margin of 3.81%. The business had revenue of $108.30 million during the quarter, compared to analyst estimates of $111.16 million. The company's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share.
Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. (NASDAQ:PLAB) Shares Bought by Metropolitan Life Insurance Co. If you are reading this piece on another domain, it was copied illegally and reposted in violation of US and global trademark & copyright law. The legal version of this piece of content can be read at https://baseballnewssource.com/markets/ultratech-inc-nasdaqutek-shares-sold-by-american-international-group-inc-updated-updated-updated/1220465.html. Zacks Investment Research lowered Photronics from a "hold" rating to a "sell" rating in a report on Friday, May 19th. Finally, ValuEngine raised Photronics from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Photronics now has a consensus rating of "Hold" and an average target price of $12.83.
In other news, VP Christopher J. Progler sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $10.05, for a total transaction of $40,200.00. Following the completion of the sale, the vice president now directly owns 78,900 shares in the company, valued at approximately $792,945. The transaction was disclosed in a filing with the SEC, which is available through this link.