Photronics, Inc. (NASDAQ:PLAB) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in shares of Photronics, Inc. (NASDAQ:PLAB – Get Rating) by 275.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,019 shares of the semiconductor company’s stock after purchasing an additional 96,095 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Photronics worth $2,205,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Arizona State Retirement System lifted its position in shares of Photronics by 3.6% during the fourth quarter. Arizona State Retirement System now owns 17,382 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 607 shares in the last quarter. Hudson Portfolio Management LLC lifted its position in shares of Photronics by 48.5% during the fourth quarter. Hudson Portfolio Management LLC now owns 27,510 shares of the semiconductor company’s stock worth $463,000 after purchasing an additional 8,990 shares in the last quarter. Horizon Investment Services LLC lifted its position in shares of Photronics by 8.6% during the fourth quarter. Horizon Investment Services LLC now owns 43,981 shares of the semiconductor company’s stock worth $740,000 after purchasing an additional 3,498 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Photronics during the fourth quarter worth $245,000. Finally, LPL Financial LLC lifted its position in shares of Photronics by 225.1% during the fourth quarter. LPL Financial LLC now owns 37,204 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 25,761 shares in the last quarter. 90.41% of the stock is owned by institutional investors and hedge funds.

Photronics Stock Up 1.1 %

Shares of NASDAQ:PLAB opened at $17.37 on Monday. The company has a current ratio of 3.52, a quick ratio of 3.25 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $15.67 and a 200 day simple moving average of $17.11. The firm has a market cap of $1.09 billion, a PE ratio of 9.49 and a beta of 1.18. Photronics, Inc. has a 12-month low of $13.86 and a 12-month high of $25.81.

Photronics (NASDAQ:PLAB – Get Rating) last released its earnings results on Monday, February 20th. The semiconductor company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Photronics had a net margin of 13.26% and a return on equity of 11.20%. The firm had revenue of $211.09 million during the quarter, compared to analyst estimates of $194.00 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, equities research analysts anticipate that Photronics, Inc. will post 1.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on PLAB shares. StockNews.com initiated coverage on shares of Photronics in a research report on Thursday. They set a “buy” rating on the stock. DA Davidson restated a “buy” rating on shares of Photronics in a research note on Tuesday, April 11th. Finally, Northland Securities dropped their price target on shares of Photronics from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Monday, April 17th.

About Photronics

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Photronics, Inc engages in the provision of photomasks. It manufactures semiconductors and flat-panel displays and is used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during the fabrication of integrated circuits, a variety of FPDs and other types of electrical and optical components.