Charles Schwab Investment Management Inc. Boosts Holdings in Photronics, Inc. (NASDAQ:PLAB)

Charles Schwab Investment Management Inc. boosted its stake in Photronics, Inc. (NASDAQ:PLAB) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 967,003 shares of the semiconductor company’s stock after acquiring an additional 32,977 shares during the period. Charles Schwab Investment Management Inc. owned 1.53% of Photronics worth $23,943,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PLAB. Pacer Advisors Inc. increased its holdings in shares of Photronics by 17.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,482,856 shares of the semiconductor company’s stock worth $61,252,000 after acquiring an additional 364,150 shares during the period. LSV Asset Management increased its holdings 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 valued at $49,094,000 after buying an additional 275,082 shares in the last quarter. American Century Companies Inc. raised its position in shares of Photronics by 12.8% during the second quarter. American Century Companies Inc. now owns 1,684,647 shares of the semiconductor company’s stock worth $41,560,000 after purchasing an additional 191,809 shares during the period. Royce & Associates LP lifted its stake in Photronics by 1.7% during the third quarter. Royce & Associates LP now owns 746,606 shares of the semiconductor company’s stock valued at $18,486,000 after buying an additional 12,603 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Photronics by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 530,401 shares of the semiconductor company’s stock valued at $13,133,000 after purchasing an additional 24,834 shares during the period. Institutional investors own 88.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Photronics Stock Down 3.0 %

PLAB opened at $24.26 on Friday. Photronics, Inc. has a 12-month low of $20.25 and a 12-month high of $34.16. The firm has a market capitalization of $1.54 billion, a P/E ratio of 10.69 and a beta of 1.41. The stock’s 50 day moving average price is $24.27 and its two-hundred day moving average price is $24.59.

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.