Intech Investment Management LLC Has $574,000 Holdings in Photronics, Inc. (NASDAQ:PLAB)

Intech Investment Management LLC boosted its position in Photronics, Inc. (NASDAQ:PLAB) by 28.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,196 shares of the semiconductor company’s stock after buying an additional 5,120 shares during the period. Intech Investment Management LLC’s holdings in Photronics were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Photronics by 137.2% during the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after buying an additional 701 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Photronics by 65.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 567 shares in the last quarter. Quarry LP grew its holdings in Photronics by 223.4% in the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 1,816 shares during the period. GAMMA Investing LLC increased its stake in Photronics by 65.8% in the third quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Photronics during the second quarter valued at about $75,000. Institutional investors own 88.38% of the company’s stock.

Photronics Stock Up 3.0 %

NASDAQ PLAB opened at $24.91 on Monday. Photronics, Inc. has a 52 week low of $20.25 and a 52 week high of $34.16. The business has a 50 day moving average price of $24.21 and a 200-day moving average price of $24.64. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 10.97 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last announced 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). Photronics had a net margin of 16.22% and a return on equity of 9.46%. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $225.00 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Photronics, Inc. will post 2.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Photronics 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.