Bank Of New York Mellon Corp Decreased Photronics Inc (NASDAQ:PLAB) Stake By $12.63 Million

August 12, 2018 - By Richard Doty

Photronics, Inc. (NASDAQ:PLAB) LogoInvestors sentiment increased to 1.34 in 2018 Q1. Its up 0.26, from 1.08 in 2017Q4. It improved, as 10 investors sold PLAB shares while 49 reduced holdings. 23 funds opened positions while 56 raised stakes. 63.81 million shares or 3.64% less from 66.22 million shares in 2017Q4 were reported. Brown Brothers Harriman & accumulated 1,290 shares. Blackrock has 9.00 million shares. 130,672 were accumulated by Price T Rowe Associates Md. Aqr Cap Mngmt Lc reported 846,317 shares. The Minnesota-based Walleye Trading Ltd has invested 0% in Photronics, Inc. (NASDAQ:PLAB). Tower Research Cap Limited Liability Company (Trc) invested in 0.01% or 14,247 shares. Public Employees Retirement Sys Of Ohio stated it has 0% in Photronics, Inc. (NASDAQ:PLAB). Millennium Management Ltd reported 1.03M shares. Smithfield Trust has 0.02% invested in Photronics, Inc. (NASDAQ:PLAB). Profund Ltd Liability Company stated it has 12,675 shares or 0% of all its holdings. Pub Sector Pension Inv Board reported 43,600 shares. Penbrook Management Llc reported 0.56% in Photronics, Inc. (NASDAQ:PLAB). The New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.06% in Photronics, Inc. (NASDAQ:PLAB). 35,535 are owned by Stevens Mgmt L P. 416,294 are held by Matarin Cap Management Ltd Liability.

Since February 16, 2018, it had 1 buying transaction, and 16 sales for $4.25 million activity. KIRLIN PETER S also sold $9,688 worth of Photronics, Inc. (NASDAQ:PLAB) shares. On Monday, April 2 the insider Progler Christopher J sold $30,375. The insider Burr Richelle E sold 2,000 shares worth $17,400. JORDAN JOHN P had bought 1,000 shares worth $8,500. FIEDEROWICZ WALTER M had sold 3,000 shares worth $30,000. MACRICOSTAS CONSTANTINE S also sold $3.09M worth of Photronics, Inc. (NASDAQ:PLAB) shares.

Bank Of New York Mellon Corp decreased its stake in Photronics Inc (NASDAQ:PLAB) by 68.41% based on its latest 2018Q2 regulatory filing with the SEC. Bank Of New York Mellon Corp sold 1.80 million shares as the company’s stock rose 14.91% while stock markets declined. The institutional investor held 833,460 shares of the technology company at the end of 2018Q2, valued at $6.65 million, down from 2.64M at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Photronics Inc for a number of months, seems to be less bullish one the $608.43M market cap company. The stock decreased 2.25% or $0.2 during the last trading session, reaching $8.7. About 252,263 shares traded. Photronics, Inc. (NASDAQ:PLAB) has declined 7.50% since August 13, 2017 and is downtrending. It has underperformed by 20.07% the S&P500.

Bank Of New York Mellon Corp, which manages about $367.58 billion US Long portfolio, upped its stake in Vanguard Ftse Emerging Marke (VWO) by 287,872 shares to 7.12M shares, valued at $300.30 million in 2018Q2, according to the filing. It also increased its holding in Nxp Semiconductors Nv (NASDAQ:NXPI) by 1.43M shares in the quarter, for a total of 1.45 million shares, and has risen its stake in Ishares Russell 2000 Growth (IWO).

Photronics, Inc., together with its subsidiaries, makes and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company has market cap of $608.43 million. The firm offers photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays , 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. It has a 23.08 P/E ratio. It sells its products to semiconductor or FPD designers, manufacturers, and foundries, as well as to other high performance electronics manufacturers through its sales personnel and customer service representatives.

Another recent and important Photronics, Inc. (NASDAQ:PLAB) news was published by Globenewswire.com which published an article titled: “Photronics to Report Third Quarter Earnings” on August 08, 2018.

Photronics, Inc. (NASDAQ:PLAB) Institutional Positions Chart

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