Fox Run Management L.L.C. Has $672,000 Holdings in Photronics, Inc. (NASDAQ:PLAB)

Fox Run Management L.L.C. raised its holdings in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 155.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,534 shares of the semiconductor company's stock after acquiring an additional 17,370 shares during the quarter. Fox Run Management L.L.C.'s holdings in Photronics were worth $672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. M&T Bank Corp bought a new stake in Photronics in the third quarter valued at about $252,000. Geode Capital Management LLC grew its position in shares of Photronics by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company's stock worth $43,217,000 after buying an additional 85,160 shares during the period. FMR LLC increased its stake in shares of Photronics by 36.0% in the 3rd quarter. FMR LLC now owns 135,208 shares of the semiconductor company's stock valued at $3,348,000 after acquiring an additional 35,825 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Photronics by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,007,582 shares of the semiconductor company's stock valued at $23,739,000 after acquiring an additional 40,579 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Photronics during the 4th quarter worth approximately $298,000. Institutional investors and hedge funds own 88.38% of the company's stock.

Insider Activity

In related news, Director Walter M. Fiederowicz sold 10,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $21.63, for a total value of $216,300.00. Following the sale, the director now directly owns 29,548 shares of the company's stock, valued at approximately $639,123.24. The trade was a 25.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kang Jyh Lee sold 8,750 shares of Photronics stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $24.40, for a total value of $213,500.00. Following the completion of the sale, the chief executive officer now directly owns 572,100 shares in the company, valued at $13,959,240. This represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,500 shares of company stock worth $1,829,138 over the last quarter. 3.20% of the stock is currently owned by company insiders.

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Photronics Stock Down 3.2 %

Photronics stock traded down $0.68 during mid-day trading on Friday, hitting $20.60. 652,276 shares of the company's stock were exchanged, compared to its average volume of 481,004. The company's 50 day simple moving average is $21.94 and its 200-day simple moving average is $23.47. The firm has a market capitalization of $1.31 billion, a P/E ratio of 9.86 and a beta of 1.43. Photronics, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $31.60.

Photronics (NASDAQ:PLAB - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The company had revenue of $212.14 million for the quarter, compared to analyst estimates of $210.00 million. During the same quarter last year, the firm posted $0.48 earnings per share. Research analysts expect that Photronics, Inc. will post 2.3 EPS for the current year.

Analysts Set New Price Targets

Separately, DA Davidson upped their target price on shares of Photronics from $32.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, December 12th.

About Photronics

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. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.