Photronics, Inc. (NASDAQ:PLAB) is Penbrook Management LLC’s 10th Largest Position

Penbrook Management LLC increased its holdings in Photronics, Inc. (NASDAQ:PLAB) by 2.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,495 shares of the semiconductor company’s stock after purchasing an additional 2,695 shares during the period. Photronics makes up about 2.0% of Penbrook Management LLC’s holdings, making the stock its 10th biggest holding. Penbrook Management LLC’s holdings in Photronics were worth $3,242,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its position in Photronics by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 27,266 shares of the semiconductor company’s stock valued at $855,000 after buying an additional 370 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Photronics during the 4th quarter valued at $25,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Photronics by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,499 shares of the semiconductor company’s stock valued at $1,208,000 after buying an additional 819 shares during the period. Parkside Financial Bank & Trust boosted its position in Photronics by 571.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,054 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 897 shares during the period. Finally, Mendota Financial Group LLC boosted its position in Photronics by 20.8% during the 4th quarter. Mendota Financial Group LLC now owns 6,125 shares of the semiconductor company’s stock valued at $192,000 after buying an additional 1,053 shares during the period. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Price Performance

PLAB traded up $0.71 during trading on Tuesday, hitting $25.19. 377,523 shares of the stock traded hands, compared to its average volume of 533,492. Photronics, Inc. has a 12-month low of $18.03 and a 12-month high of $34.16. The firm has a market capitalization of $1.60 billion, a P/E ratio of 11.67 and a beta of 1.38. The firm has a 50-day moving average of $26.86 and a 200 day moving average of $28.60.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.09). The business had revenue of $217.00 million during the quarter, compared to the consensus estimate of $231.00 million. Photronics had a return on equity of 9.73% and a net margin of 15.14%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. As a group, equities analysts predict that Photronics, Inc. will post 2.1 EPS for the current fiscal year.

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.