Photronics, Inc. (NASDAQ:PLAB) Shares Acquired by Algert Global LLC

Algert Global LLC lifted its stake in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 142.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,291 shares of the semiconductor company's stock after purchasing an additional 84,109 shares during the period. Algert Global LLC owned 0.23% of Photronics worth $3,376,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PLAB. Vanguard Group Inc. increased its stake in shares of Photronics by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 5,868,889 shares of the semiconductor company's stock worth $138,271,000 after acquiring an additional 29,681 shares during the last quarter. LSV Asset Management raised its stake in Photronics by 13.8% during the fourth quarter. LSV Asset Management now owns 2,120,319 shares of the semiconductor company's stock worth $49,955,000 after purchasing an additional 257,373 shares during the period. American Century Companies Inc. boosted its holdings in Photronics by 8.6% in the 4th quarter. American Century Companies Inc. now owns 2,018,887 shares of the semiconductor company's stock valued at $47,565,000 after purchasing an additional 159,245 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Photronics by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,775,402 shares of the semiconductor company's stock valued at $41,837,000 after purchasing an additional 30,237 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Photronics by 4.1% in the 4th quarter. Northern Trust Corp now owns 1,044,868 shares of the semiconductor company's stock valued at $24,617,000 after buying an additional 41,487 shares during the period. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Photronics Price Performance

Shares of PLAB stock traded down $0.12 during trading on Friday, hitting $19.42. 366,901 shares of the stock traded hands, compared to its average volume of 526,682. The firm has a market capitalization of $1.23 billion, a P/E ratio of 9.29 and a beta of 1.43. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $31.60. The firm's fifty day moving average price is $19.47 and its 200-day moving average price is $22.29.

Photronics (NASDAQ:PLAB - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share 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 return on equity of 9.10% and a net margin of 15.07%. During the same period in the prior year, the business posted $0.48 EPS. As a group, equities research analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Insider Buying and Selling

In other Photronics news, Director Walter M. Fiederowicz sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $21.63, for a total transaction of $216,300.00. Following the sale, the director now directly owns 29,548 shares in the company, valued at $639,123.24. This represents a 25.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 54,548 shares of company stock valued at $1,093,093. Company insiders own 3.20% of the company's 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. 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.