20,667 Shares in Photronics, Inc. (NASDAQ:PLAB) Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Photronics, Inc. (NASDAQ:PLAB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 20,667 shares of the semiconductor company’s stock, valued at approximately $585,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Photronics by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 5,715,429 shares of the semiconductor company’s stock valued at $161,861,000 after purchasing an additional 265,533 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Photronics by 8.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,769,232 shares of the semiconductor company’s stock valued at $149,613,000 after purchasing an additional 379,593 shares during the period. LSV Asset Management lifted its stake in shares of Photronics by 13.7% in the 1st quarter. LSV Asset Management now owns 1,714,964 shares of the semiconductor company’s stock valued at $48,568,000 after purchasing an additional 207,049 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Photronics by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 885,863 shares of the semiconductor company’s stock valued at $27,790,000 after purchasing an additional 30,163 shares during the period. Finally, Boston Partners lifted its stake in shares of Photronics by 250.2% in the 4th quarter. Boston Partners now owns 625,927 shares of the semiconductor company’s stock valued at $19,711,000 after purchasing an additional 447,182 shares during the period. 88.38% of the stock is owned by institutional investors and hedge funds.

Photronics Price Performance

Shares of NASDAQ:PLAB opened at $25.22 on Friday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.68 and a beta of 1.38. The business’s 50-day moving average is $26.02 and its 200-day moving average is $28.06. Photronics, Inc. has a 1 year low of $18.03 and a 1 year high of $34.16.

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