Oregon Public Employees Retirement Fund bought a new stake in Photronics, Inc. (NASDAQ:PLAB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,007 shares of the semiconductor company’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLAB. Founders Capital Management purchased a new position in shares of Photronics in the 4th quarter valued at approximately $68,000. First Quadrant L P CA purchased a new position in shares of Photronics in the 4th quarter valued at approximately $77,000. Quantamental Technologies LLC purchased a new position in shares of Photronics in the 4th quarter valued at approximately $101,000. Verition Fund Management LLC purchased a new position in shares of Photronics in the 3rd quarter valued at approximately $113,000. Finally, Captrust Financial Advisors purchased a new position in shares of Photronics in the 3rd quarter valued at approximately $203,000. Institutional investors own 95.49% of the company’s stock.

PLAB has been the subject of a number of research analyst reports. ValuEngine upgraded Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th. BidaskClub cut Photronics from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Zacks Investment Research cut Photronics from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. Finally, TheStreet cut Photronics from a “b-” rating to a “c” rating in a research note on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.00.

In other Photronics news, CEO Peter S. Kirlin sold 11,024 shares of Photronics stock in a transaction on Thursday, January 3rd. The stock was sold at an average price of $9.46, for a total transaction of $104,287.04. Following the completion of the transaction, the chief executive officer now owns 205,352 shares in the company, valued at $1,942,629.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Walter M. Fiederowicz sold 3,000 shares of Photronics stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $10.59, for a total value of $31,770.00. Following the transaction, the director now owns 24,000 shares of the company’s stock, valued at approximately $254,160. The disclosure for this sale can be found here. Insiders have sold 114,192 shares of company stock valued at $1,141,399 in the last quarter. 3.58% of the stock is owned by company insiders.

Shares of NASDAQ:PLAB opened at $9.26 on Friday. The firm has a market cap of $632.30 million, a price-to-earnings ratio of 15.97, a P/E/G ratio of 2.36 and a beta of 0.54. Photronics, Inc. has a 12-month low of $7.60 and a 12-month high of $11.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.33 and a quick ratio of 2.19.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Thursday, February 21st. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The business had revenue of $124.71 million during the quarter, compared to analysts’ expectations of $125.10 million. Photronics had a return on equity of 4.32% and a net margin of 7.72%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, research analysts anticipate that Photronics, Inc. will post 0.4 EPS for the current year.

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Photronics Company Profile

Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.

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Institutional Ownership by Quarter for Photronics (NASDAQ:PLAB)

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