Hodges Capital Management Inc. increased its holdings in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) by 23.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,365 shares of the semiconductor company’s stock after purchasing an additional 19,895 shares during the period. Hodges Capital Management Inc. owned approximately 0.17% of Photronics worth $2,984,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in PLAB. Pacer Advisors Inc. grew its stake in Photronics by 64.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,397,983 shares of the semiconductor company’s stock valued at $43,855,000 after acquiring an additional 547,510 shares during the period. Boston Partners grew its stake in Photronics by 250.2% in the fourth quarter. Boston Partners now owns 625,927 shares of the semiconductor company’s stock valued at $19,711,000 after acquiring an additional 447,182 shares during the period. Dimensional Fund Advisors LP grew its stake in Photronics by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,769,232 shares of the semiconductor company’s stock valued at $149,613,000 after acquiring an additional 379,593 shares during the period. JTC Employer Solutions Trustee Ltd acquired a new stake in Photronics in the fourth quarter valued at approximately $6,019,000. Finally, Vanguard Group Inc. grew its stake in Photronics by 3.6% in the third quarter. Vanguard Group Inc. now owns 5,321,531 shares of the semiconductor company’s stock valued at $107,548,000 after acquiring an additional 186,718 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.
Photronics Stock Performance
Shares of Photronics stock opened at $24.67 on Friday. Photronics, Inc. has a 52 week low of $18.03 and a 52 week high of $34.16. The stock has a 50 day moving average price of $26.89 and a two-hundred day moving average price of $28.62. The stock has a market capitalization of $1.56 billion, a PE ratio of 11.42 and a beta of 1.36.
Photronics 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.
Featured Articles
- Five stocks we like better than Photronics
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- MarketBeat Week in Review – 6/24 – 6/28
- Industrial Products Stocks Investing
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.