Dimensional Fund Advisors LP lessened its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,695,104 shares of the semiconductor company’s stock after selling 85,501 shares during the quarter. Dimensional Fund Advisors LP owned 8.26% of Photronics worth $50,401,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PLAB. Federated Investors Inc. PA grew its stake in Photronics by 61.9% during the 2nd quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 4,203 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Photronics in the third quarter worth about $114,000. BNP Paribas Arbitrage SA boosted its stake in shares of Photronics by 78.4% in the second quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock worth $125,000 after buying an additional 5,844 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of Photronics in the second quarter worth about $131,000. Finally, Airain ltd purchased a new stake in shares of Photronics in the second quarter worth about $137,000. Institutional investors and hedge funds own 94.65% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub downgraded Photronics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, DA Davidson restated a “buy” rating and issued a $13.00 target price on shares of Photronics in a research note on Monday, November 27th.

In other news, CFO Sean T. Smith sold 18,750 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $9.48, for a total value of $177,750.00. Following the sale, the chief financial officer now owns 159,108 shares in the company, valued at $1,508,343.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richelle E. Burr sold 4,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $9.00, for a total value of $36,000.00. Following the completion of the transaction, the vice president now directly owns 41,109 shares of the company’s stock, valued at approximately $369,981. The disclosure for this sale can be found here. Insiders sold 69,750 shares of company stock worth $648,075 in the last 90 days. Company insiders own 3.71% of the company’s stock.

Shares of Photronics, Inc. (PLAB) opened at $8.70 on Friday. Photronics, Inc. has a one year low of $7.55 and a one year high of $11.95. The company has a quick ratio of 5.20, a current ratio of 5.49 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $600.76, a PE ratio of 45.79, a PEG ratio of 2.16 and a beta of 0.55.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The firm had revenue of $121.00 million for the quarter, compared to the consensus estimate of $112.17 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. research analysts expect that Photronics, Inc. will post 0.4 EPS for the current fiscal year.

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Photronics Company Profile

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.

Institutional Ownership by Quarter for Photronics (NASDAQ:PLAB)

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