Mutual of America Capital Management LLC Sells 884 Shares of Photronics, Inc. (NASDAQ:PLAB)

Mutual of America Capital Management LLC lessened its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 8.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,530 shares of the semiconductor company’s stock after selling 884 shares during the period. Mutual of America Capital Management LLC’s holdings in Photronics were worth $236,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Photronics by 4.9% during 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 last quarter. Pacer Advisors Inc. boosted its position in Photronics by 17.2% during the second quarter. Pacer Advisors Inc. now owns 2,482,856 shares of the semiconductor company’s stock worth $61,252,000 after purchasing an additional 364,150 shares during the period. LSV Asset Management increased its stake in shares of Photronics by 16.0% in the second quarter. LSV Asset Management now owns 1,990,046 shares of the semiconductor company’s stock worth $49,094,000 after purchasing an additional 275,082 shares in the last quarter. American Century Companies Inc. raised its position in shares of Photronics by 12.8% in the second quarter. American Century Companies Inc. now owns 1,684,647 shares of the semiconductor company’s stock valued at $41,560,000 after purchasing an additional 191,809 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Photronics by 225.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 840,538 shares of the semiconductor company’s stock valued at $23,805,000 after purchasing an additional 582,664 shares during the period. Institutional investors own 88.38% of the company’s stock.

Photronics Price Performance

Shares of PLAB opened at $24.91 on Friday. Photronics, Inc. has a 1 year low of $20.25 and a 1 year high of $34.16. The stock has a 50 day simple moving average of $24.21 and a two-hundred day simple moving average of $24.70. The firm has a market cap of $1.58 billion, a P/E ratio of 10.97 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Thursday, August 29th. The semiconductor company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $225.00 million. Photronics had a net margin of 16.22% and a return on equity of 9.46%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities analysts anticipate that Photronics, Inc. will post 2.08 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 28th.

About Photronics

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.