Photronics, Inc. (NASDAQ:PLAB) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,502,244 shares of the semiconductor company’s stock after selling 50,317 shares during the period. Dimensional Fund Advisors LP owned about 7.11% of Photronics worth $106,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Photronics by 0.5% during 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 in the last quarter. LSV Asset Management grew its holdings in Photronics by 13.8% in the fourth quarter. LSV Asset Management now owns 2,120,319 shares of the semiconductor company’s stock valued at $49,955,000 after purchasing an additional 257,373 shares during the period. American Century Companies Inc. increased its position in shares of Photronics by 8.6% in the fourth quarter. American Century Companies Inc. now owns 2,018,887 shares of the semiconductor company’s stock valued at $47,565,000 after buying an additional 159,245 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Photronics by 1.7% during 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 buying an additional 30,237 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Photronics Stock Down 0.1 %

PLAB opened at $18.67 on Monday. The firm’s fifty day simple moving average is $19.93 and its two-hundred day simple moving average is $22.62. Photronics, Inc. has a 52-week low of $16.46 and a 52-week high of $31.60. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 8.93 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last posted 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. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The company had revenue of $212.14 million for the quarter, compared to analysts’ expectations of $210.00 million. During the same period in the previous year, the firm posted $0.48 EPS. On average, research analysts forecast that Photronics, Inc. will post 2.3 EPS for the current year.

Insider Transactions at Photronics

In other news, Director Walter M. Fiederowicz sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $17.79, for a total transaction of $88,950.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $88,950. The trade was a 50.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kang Jyh Lee sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 of the company’s stock, valued at approximately $11,538,890. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,548 shares of company stock valued at $877,093. Corporate insiders own 3.20% of the company’s stock.

About Photronics

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.