LSV Asset Management Grows Stake in Photronics, Inc. (NASDAQ:PLAB)

LSV Asset Management boosted its position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,120,319 shares of the semiconductor company's stock after acquiring an additional 257,373 shares during the period. LSV Asset Management owned 3.35% of Photronics worth $49,955,000 as of its most recent SEC filing.

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

Photronics Trading Up 0.3 %

Shares of PLAB traded up $0.06 during trading hours on Tuesday, reaching $17.99. 726,118 shares of the company's stock traded hands, compared to its average volume of 504,937. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $31.60. The stock has a market cap of $1.14 billion, a PE ratio of 8.61 and a beta of 1.40. The firm's 50 day simple moving average is $20.74 and its 200-day simple moving average is $23.01.

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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. The business had revenue of $212.14 million during the quarter, compared to analysts' expectations of $210.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. During the same quarter in the previous year, the company earned $0.48 EPS. As a group, analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Insider Transactions at Photronics

In other Photronics news, CEO Kang Jyh Lee sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $20.90, for a total value of $209,000.00. Following the completion of the sale, the chief executive officer now owns 552,100 shares in the company, valued at approximately $11,538,890. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Walter M. Fiederowicz sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $19.16, for a total value of $95,800.00. Following the sale, the director now directly owns 24,548 shares of the company's stock, valued at approximately $470,339.68. This trade represents a 16.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,750 shares of company stock worth $866,760. 3.20% of the stock is currently owned by insiders.

Photronics Company 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. 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.