Norbel Inversiones Exits Photronics Position, Now Owns 0 Shares

TL;DR

**Norbel Inversiones dumped all its Photronics shares, now holding zero.**

AI Summary

Norbel Inversiones, S.L., a Spanish investment firm, filed an amended SC 13G/A on January 30, 2024, indicating a significant change in its ownership of Photronics, Inc. common stock as of December 31, 2023. The filing shows that Norbel Inversiones now beneficially owns 0 shares of Photronics, Inc., down from a previous undisclosed amount, effectively exiting its position. This matters to investors because a large institutional investor has completely divested its holdings in Photronics, potentially signaling a lack of confidence in the company's future prospects.

Why It Matters

This filing reveals that a significant institutional investor has completely sold off its stake in Photronics, which could be interpreted as a bearish signal by other market participants.

Risk Assessment

Risk Level: medium — The complete divestment by an institutional investor could indicate underlying concerns about the company, potentially leading to increased selling pressure or a re-evaluation of the stock by other investors.

Analyst Insight

Investors should investigate why Norbel Inversiones, S.L. fully divested its stake in Photronics, Inc. and consider if this signals any fundamental issues with the company before making investment decisions.

Key Numbers

• 0 — Shares Beneficially Owned (Norbel Inversiones, S.L. now owns zero shares of Photronics, Inc.)

Key Players & Entities

• Norbel Inversiones, S.L. (company) — the reporting person that filed the SC 13G/A
• Photronics, Inc. (company) — the subject company whose stock is being reported
• 0 (dollar_amount) — the number of shares beneficially owned by Norbel Inversiones, S.L. as of December 31, 2023
• December 31, 2023 (date) — the date of the event which required the filing of this statement
• January 30, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Photronics, Inc. stock price may experience downward pressure. (Photronics, Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• dp205939_sc13ga.htm (SC 13G/A) — 25KB
• 0000950103-24-001259.txt ( ) — 26KB

(a). Name of Person Filing

Item 2(a). Name of Person Filing: Norbel Inversiones, S.L. (the “ Reporting Person ”)

(b). Address of Principal Business Office or, if none, Residence

Item 2(b). Address of Principal Business Office or, if none, Residence: Calle de Julian Camarillo 35 Madrid 28037, Spain

(c). Citizenship

Item 2(c). Citizenship: Spain

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Common Stock

(e). CUSIP Number

Item 2(e). CUSIP Number: 719405102

If This Statement is Filed Pursuant to Rule 13d-1(b),

Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: Not Applicable.

Ownership

Item 4. Ownership The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. This amendment to Schedule 13G is being filed to report that, as of the date hereof, the Reporting Person does not beneficially own any shares of Common Stock.

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:

Ownership of More than Five Percent on Behalf of Another

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable.

Identification and Classification of the Subsidiary Which

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not Applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not Applicable.

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and were not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and were not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 30th, 2024 Norbel Inversiones, S.L. By: /s/ Javier López-Belmonte Name: Javier López-Belmonte Title: Authorized Signatory

View Full Filing

View this SC 13G/A filing on SEC EDGAR