Fmr LLC Has $3.35 Million Stock Holdings in Photronics, Inc. (NASDAQ:PLAB)

Fmr LLC increased its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 36.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,208 shares of the semiconductor company’s stock after acquiring an additional 35,825 shares during the period. Fmr LLC owned about 0.21% of Photronics worth $3,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Photronics by 4.9% in 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 last quarter. SG Americas Securities LLC bought a new position in Photronics in the 3rd quarter valued at approximately $730,000. Inspire Advisors LLC bought a new position in Photronics in the 2nd quarter valued at approximately $2,112,000. Farther Finance Advisors LLC lifted its stake in Photronics by 21.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,930 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 1,066 shares during the last quarter. Finally, Summit Global Investments bought a new position in Photronics in the 2nd quarter valued at approximately $572,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analyst Ratings Changes

PLAB has been the subject of several analyst reports. DA Davidson raised their price target on shares of Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com raised shares of Photronics from a “hold” rating to a “buy” rating in a research note on Saturday, September 28th.

Photronics Trading Up 0.8 %

PLAB opened at $26.49 on Friday. Photronics, Inc. has a 1-year low of $20.25 and a 1-year high of $34.16. The company has a market cap of $1.68 billion, a P/E ratio of 12.67 and a beta of 1.41. The company has a fifty day moving average price of $24.48 and a two-hundred day moving average price of $24.56.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $222.60 million during the quarter, compared to the consensus estimate of $218.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, research analysts forecast that Photronics, Inc. will post 2.2 EPS for the current fiscal year.

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.