29,084 Shares in Photronics, Inc. (NASDAQ:PLAB) Acquired by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,084 shares of the semiconductor company's stock, valued at approximately $685,000.

Several other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Photronics by 216.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 762 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Photronics in the fourth quarter valued at approximately $47,000. Parkside Financial Bank & Trust raised its holdings in shares of Photronics by 65.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company's stock valued at $54,000 after buying an additional 904 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Photronics by 17.6% during the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company's stock worth $81,000 after buying an additional 516 shares during the period. Finally, KBC Group NV grew its holdings in Photronics by 76.8% in the 4th quarter. KBC Group NV now owns 3,467 shares of the semiconductor company's stock worth $82,000 after buying an additional 1,506 shares in the last quarter. Institutional investors own 88.38% of the company's stock.

Insider Transactions at Photronics

In other news, Director Walter M. Fiederowicz sold 7,548 shares of Photronics stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $17.87, for a total transaction of $134,882.76. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $178,700. This trade represents a 43.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kang Jyh Lee sold 10,000 shares of the business's stock in a transaction 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 directly owns 552,100 shares in the company, valued at $11,538,890. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 54,548 shares of company stock valued at $1,093,093. Company insiders own 3.20% of the company's stock.

Photronics Trading Down 0.7 %

PLAB traded down $0.13 during trading hours on Monday, hitting $19.09. The company's stock had a trading volume of 497,660 shares, compared to its average volume of 521,637. Photronics, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $31.60. The company has a 50-day simple moving average of $19.60 and a 200 day simple moving average of $22.43. The firm has a market capitalization of $1.21 billion, a PE ratio of 9.13 and a beta of 1.40.

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

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.