Wellington Management Group LLP Purchases 3,656 Shares of Photronics, Inc. (NASDAQ:PLAB)

Wellington Management Group LLP lifted its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,376 shares of the semiconductor company’s stock after buying an additional 3,656 shares during the quarter. Wellington Management Group LLP owned approximately 0.11% of Photronics worth $2,176,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PLAB. Aurora Investment Counsel increased its holdings in shares of Photronics by 12.2% in the 4th quarter. Aurora Investment Counsel now owns 54,942 shares of the semiconductor company’s stock valued at $1,724,000 after acquiring an additional 5,968 shares during the period. TD Asset Management Inc raised its holdings in Photronics by 42.2% in the fourth quarter. TD Asset Management Inc now owns 36,400 shares of the semiconductor company’s stock worth $1,142,000 after purchasing an additional 10,800 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Photronics during the fourth quarter valued at about $91,000. Trexquant Investment LP boosted its holdings in shares of Photronics by 98.4% in the 4th quarter. Trexquant Investment LP now owns 98,368 shares of the semiconductor company’s stock valued at $3,086,000 after buying an additional 48,792 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new position in shares of Photronics in the 4th quarter worth approximately $249,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Stock Down 0.8 %

NASDAQ:PLAB opened at $24.48 on Tuesday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 11.33 and a beta of 1.38. Photronics, Inc. has a 52 week low of $18.03 and a 52 week high of $34.16. The firm has a 50 day moving average of $26.89 and a 200 day moving average of $28.63.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.09). Photronics had a return on equity of 9.73% and a net margin of 15.14%. 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 previous year, the business earned $0.54 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, analysts expect 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.