Foundry Partners LLC Acquires 9,806 Shares of Photronics, Inc. (NASDAQ:PLAB)

Foundry Partners LLC boosted its holdings in shares of Photronics, Inc. (NASDAQ:PLABFree Report) by 4.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 239,454 shares of the semiconductor company’s stock after acquiring an additional 9,806 shares during the period. Foundry Partners LLC’s holdings in Photronics were worth $4,839,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PLAB. US Bancorp DE grew its holdings in shares of Photronics by 201.5% in the 2nd quarter. US Bancorp DE now owns 1,022 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 683 shares during the period. Covestor Ltd lifted its position in Photronics by 587.5% in the 1st quarter. Covestor Ltd now owns 2,427 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 2,074 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Photronics in the 3rd quarter valued at $53,000. Federated Hermes Inc. lifted its position in Photronics by 77.5% in the 1st quarter. Federated Hermes Inc. now owns 2,798 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 1,222 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in Photronics in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 83.44% of the company’s stock.

Photronics Trading Up 2.9 %

Shares of NASDAQ:PLAB opened at $33.48 on Tuesday. The company’s 50-day moving average price is $29.28 and its two-hundred day moving average price is $24.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.97. Photronics, Inc. has a one year low of $13.86 and a one year high of $34.16. The stock has a market capitalization of $2.10 billion, a PE ratio of 16.41 and a beta of 1.41.

Photronics (NASDAQ:PLABGet Free Report) last issued its earnings results on Wednesday, December 13th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. The company had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $224.00 million. Photronics had a net margin of 14.07% and a return on equity of 10.27%. Photronics’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities analysts forecast that Photronics, Inc. will post 2.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Photronics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th.

View Our Latest Report on Photronics

Photronics Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Photronics (NASDAQ:PLAB)

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