31,352 Shares in Photronics, Inc. (NASDAQ:PLAB) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in shares of Photronics, Inc. (NASDAQ:PLAB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,352 shares of the semiconductor company’s stock, valued at approximately $984,000. Mackenzie Financial Corp owned approximately 0.05% of Photronics at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLAB. Louisiana State Employees Retirement System bought a new stake in Photronics during the fourth quarter worth $982,000. Kendall Capital Management lifted its stake in shares of Photronics by 48.0% in the 4th quarter. Kendall Capital Management now owns 55,545 shares of the semiconductor company’s stock valued at $1,742,000 after acquiring an additional 18,005 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Photronics by 62.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 45,706 shares of the semiconductor company’s stock valued at $1,434,000 after acquiring an additional 17,586 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Photronics by 3,037.0% in the 4th quarter. International Assets Investment Management LLC now owns 85,013 shares of the semiconductor company’s stock valued at $2,710,000 after acquiring an additional 82,303 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Photronics in the 4th quarter valued at $663,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Photronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Photronics Stock Performance

Shares of PLAB opened at $27.76 on Friday. Photronics, Inc. has a 52 week low of $13.86 and a 52 week high of $34.16. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 12.45 and a beta of 1.40. The stock has a fifty day moving average of $28.39 and a 200-day moving average of $26.48.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $216.30 million during the quarter, compared to the consensus estimate of $220.00 million. Photronics had a net margin of 15.34% and a return on equity of 10.37%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, equities analysts forecast that Photronics, Inc. will post 2.15 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.