Sentinel Trust Co. LBA decreased its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 20.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 182,254 shares of the semiconductor company’s stock after selling 45,425 shares during the period. Sentinel Trust Co. LBA’s holdings in Photronics were worth $1,713,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL boosted its position in shares of Photronics by 13.4% in the first quarter. Tudor Investment Corp ET AL now owns 45,720 shares of the semiconductor company’s stock valued at $489,000 after buying an additional 5,420 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Photronics by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 44,589 shares of the semiconductor company’s stock valued at $477,000 after buying an additional 1,987 shares in the last quarter. Sensato Investors LLC bought a new position in shares of Photronics during the first quarter valued at about $588,000. AQR Capital Management LLC boosted its position in shares of Photronics by 1.7% in the first quarter. AQR Capital Management LLC now owns 805,860 shares of the semiconductor company’s stock valued at $8,622,000 after buying an additional 13,393 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in shares of Photronics by 5.8% in the first quarter. Gotham Asset Management LLC now owns 176,703 shares of the semiconductor company’s stock valued at $1,891,000 after buying an additional 9,731 shares in the last quarter. Institutional investors own 97.81% of the company’s stock.

Shares of Photronics, Inc. (PLAB) traded down 1.46% during midday trading on Friday, reaching $10.10. 110,419 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $9.93 and its 200 day moving average price is $10.75. The company has a market cap of $695.61 million, a price-to-earnings ratio of 40.73 and a beta of 0.47. Photronics, Inc. has a 12-month low of $8.20 and a 12-month high of $12.10.

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 consensus estimate of $0.05 by $0.02. Photronics had a net margin of 3.81% and a return on equity of 1.84%. The business had revenue of $108.30 million during the quarter, compared to the consensus estimate of $111.16 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. Equities analysts anticipate that Photronics, Inc. will post $0.28 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on PLAB. BidaskClub upgraded shares of Photronics from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded shares of Photronics from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Photronics from a “hold” rating to a “sell” rating in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.83.

Photronics Company Profile

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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Institutional Ownership by Quarter for Photronics (NASDAQ:PLAB)

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