Photronics, Inc. (NASDAQ:PLAB) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC cut its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 22.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,468 shares of the semiconductor company’s stock after selling 20,593 shares during the quarter. Bridge City Capital LLC owned about 0.11% of Photronics worth $1,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Toronto Dominion Bank acquired a new position in Photronics during the first quarter worth $83,000. Versor Investments LP lifted its stake in shares of Photronics by 50.6% in the 2nd quarter. Versor Investments LP now owns 34,785 shares of the semiconductor company’s stock valued at $897,000 after purchasing an additional 11,685 shares during the last quarter. LSV Asset Management lifted its stake in shares of Photronics by 19.9% in the 1st quarter. LSV Asset Management now owns 430,300 shares of the semiconductor company’s stock valued at $7,134,000 after purchasing an additional 71,500 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Photronics in the 2nd quarter valued at $131,000. Finally, Foundry Partners LLC acquired a new position in Photronics in the first quarter valued at about $5,042,000. 83.44% of the stock is currently owned by institutional investors and hedge funds.

Photronics Stock Up 0.0 %

NASDAQ:PLAB traded up $0.01 during mid-day trading on Friday, hitting $21.75. The stock had a trading volume of 405,885 shares, compared to its average volume of 426,562. Photronics, Inc. has a twelve month low of $13.86 and a twelve month high of $26.98. The stock has a 50-day simple moving average of $19.88 and a two-hundred day simple moving average of $21.65. The company has a market capitalization of $1.36 billion, a PE ratio of 11.33 and a beta of 1.25. The company has a current ratio of 4.05, a quick ratio of 3.76 and a debt-to-equity ratio of 0.02.

Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Wednesday, September 6th. The semiconductor company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $224.20 million for the quarter, compared to analyst estimates of $230.00 million. Photronics had a return on equity of 10.72% and a net margin of 13.48%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. On average, equities research analysts anticipate that Photronics, Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Photronics in a research note on Thursday, October 5th. They set a “buy” rating on the stock.

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. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and various types of electrical and optical components.