Vanguard Group Inc. Buys 128,365 Shares of Photronics, Inc. (NASDAQ:PLAB)

Vanguard Group Inc. boosted its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,449,896 shares of the semiconductor company’s stock after acquiring an additional 128,365 shares during the period. Vanguard Group Inc. owned 8.60% of Photronics worth $170,963,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Photronics by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,769,232 shares of the semiconductor company’s stock worth $149,613,000 after purchasing an additional 379,593 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Photronics by 64.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,397,983 shares of the semiconductor company’s stock valued at $43,855,000 after buying an additional 547,510 shares in the last quarter. Northern Trust Corp grew its holdings in Photronics by 0.4% during the 3rd quarter. Northern Trust Corp now owns 1,115,690 shares of the semiconductor company’s stock valued at $22,548,000 after buying an additional 4,222 shares in the last quarter. American Century Companies Inc. raised its position in shares of Photronics by 18.3% during the third quarter. American Century Companies Inc. now owns 1,029,747 shares of the semiconductor company’s stock valued at $20,811,000 after buying an additional 159,393 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Photronics by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 885,863 shares of the semiconductor company’s stock worth $27,790,000 after buying an additional 30,163 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Stock Performance

Shares of NASDAQ PLAB opened at $25.17 on Thursday. The company has a market cap of $1.59 billion, a P/E ratio of 11.65 and a beta of 1.38. Photronics, Inc. has a 52-week low of $18.03 and a 52-week high of $34.16. The firm’s fifty day moving average is $26.83 and its two-hundred day moving average is $28.57.

Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.09). The firm had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $231.00 million. Photronics had a net margin of 15.14% and a return on equity of 9.73%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, analysts forecast that Photronics, Inc. will post 2.1 EPS 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.