Quest Partners LLC boosted its stake in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) by 83,071.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,288 shares of the semiconductor company’s stock after buying an additional 23,260 shares during the quarter. Quest Partners LLC’s holdings in Photronics were worth $575,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PLAB. Vanguard Group Inc. raised its holdings 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 buying an additional 265,533 shares during the period. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 379,593 shares in the last quarter. LSV Asset Management boosted its position in Photronics by 16.0% in the 2nd quarter. LSV Asset Management now owns 1,990,046 shares of the semiconductor company’s stock valued at $49,094,000 after buying an additional 275,082 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Photronics by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 885,863 shares of the semiconductor company’s stock worth $27,790,000 after acquiring an additional 30,163 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Photronics by 225.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 840,538 shares of the semiconductor company’s stock worth $23,805,000 after purchasing an additional 582,664 shares during the period. 88.38% of the stock is currently owned by institutional investors and hedge funds.
Photronics Trading Up 3.1 %
Shares of PLAB opened at $22.95 on Thursday. Photronics, Inc. has a twelve month low of $18.03 and a twelve month high of $34.16. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 10.63 and a beta of 1.40. The firm’s fifty day simple moving average is $24.30 and its 200-day simple moving average is $26.34.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Photronics from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd.
View Our Latest Research Report on PLAB
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.
Featured Articles
- Five stocks we like better than Photronics
- Earnings Per Share Calculator: How to Calculate EPS
- Goldilocks CPI Report Leads Market to Sell Off, Lower Lows Ahead
- Pros And Cons Of Monthly Dividend Stocks
- GameStop: Earnings Won’t Save It, Dilution Points to Trouble
- EV Stocks and How to Profit from Them
- Dividend Aristocrats or Dividend Kings: Which Is Best for You?
Want to see what other hedge funds are holding PLAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Photronics, Inc. (NASDAQ:PLAB – Free Report).
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.