Sterling Capital Management LLC Purchases 1,159 Shares of Photronics, Inc. (NASDAQ:PLAB)

Sterling Capital Management LLC raised its holdings in Photronics, Inc. (NASDAQ:PLAB) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,243 shares of the semiconductor company’s stock after acquiring an additional 1,159 shares during the period. Sterling Capital Management LLC’s holdings in Photronics were worth $548,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. M&T Bank Corp purchased a new stake in Photronics during the third quarter valued at about $252,000. Geode Capital Management LLC raised its holdings in shares of Photronics by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,745,165 shares of the semiconductor company’s stock valued at $43,217,000 after buying an additional 85,160 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 40,579 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Photronics in the 4th quarter worth approximately $298,000. Finally, Empowered Funds LLC boosted its stake in Photronics by 13.4% in 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 in the last quarter. Institutional investors own 88.38% of the company’s stock.

Photronics Stock Performance

PLAB stock opened at $17.67 on Friday. Photronics, Inc. has a one year low of $16.46 and a one year high of $31.60. The company has a market capitalization of $1.12 billion, a PE ratio of 8.45 and a beta of 1.40. The company’s 50 day moving average price is $20.45 and its two-hundred day moving average price is $22.89.

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

Insider Transactions at Photronics

In other Photronics news, CEO Kang Jyh Lee sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 552,100 shares in the company, valued at approximately $11,538,890. This represents a 1.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Walter M. Fiederowicz sold 5,000 shares of Photronics stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $17.79, for a total transaction of $88,950.00. Following the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,548 shares of company stock worth $877,093. Company 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.