Photronics, Inc. (NASDAQ:PLAB) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,044,868 shares of the semiconductor company's stock after purchasing an additional 41,487 shares during the period. Northern Trust Corp owned 1.65% of Photronics worth $24,617,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in Photronics by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,007,582 shares of the semiconductor company's stock worth $23,739,000 after buying an additional 40,579 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Photronics during the fourth quarter worth approximately $298,000. Empowered Funds LLC grew its stake in Photronics by 13.4% during the fourth quarter. Empowered Funds LLC now owns 376,726 shares of the semiconductor company's stock worth $8,876,000 after buying an additional 44,602 shares during the period. Vanguard Group Inc. grew its stake in Photronics by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 5,868,889 shares of the semiconductor company's stock worth $138,271,000 after buying an additional 29,681 shares during the period. Finally, Four Tree Island Advisory LLC purchased a new stake in Photronics during the fourth quarter worth approximately $3,472,000. Institutional investors and hedge funds own 88.38% of the company's stock.

Photronics Stock Up 6.0%

PLAB opened at $20.61 on Tuesday. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $31.60. The company has a 50 day moving average of $19.46 and a two-hundred day moving average of $22.26. The company has a market cap of $1.31 billion, a P/E ratio of 9.86 and a beta of 1.43.

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

Insider Activity

In related news, CEO Kang Jyh Lee sold 10,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $21.60, for a total value of $216,000.00. Following the sale, the chief executive officer now directly owns 542,100 shares of the company's stock, valued at $11,709,360. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Walter M. Fiederowicz sold 5,000 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $17.79, for a total transaction of $88,950.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $88,950. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,548 shares of company stock worth $1,093,093. 3.20% of the stock is currently owned by company insiders.

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.

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