Photronics Inc. (NASDAQ:PLAB)’s share price was up 2.5% during trading on Monday . The stock traded as high as $9.27 and last traded at $9.25, with a volume of 345,085 shares changing hands. The stock had previously closed at $9.02.

Several equities analysts recently commented on PLAB shares. Zacks Investment Research lowered shares of Photronics from a “hold” rating to a “sell” rating in a research report on Saturday. DA Davidson reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Photronics in a research report on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price objective (down from $13.00) on shares of Photronics in a research report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $12.80.

The stock has a 50-day moving average price of $9.47 and a 200-day moving average price of $9.85. The firm has a market capitalization of $626.53 million and a P/E ratio of 11.30.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $123.20 million for the quarter, compared to the consensus estimate of $123.54 million. During the same quarter in the previous year, the business earned $0.17 EPS. Photronics’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities research analysts predict that Photronics Inc. will post $0.55 earnings per share for the current fiscal year.

Other hedge funds have modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Photronics by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,668,379 shares of the company’s stock worth $70,572,000 after buying an additional 21,769 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Photronics by 361.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,100 shares of the company’s stock worth $1,682,000 after buying an additional 105,800 shares in the last quarter. Rhumbline Advisers increased its position in shares of Photronics by 3.2% in the fourth quarter. Rhumbline Advisers now owns 96,194 shares of the company’s stock worth $1,198,000 after buying an additional 2,980 shares in the last quarter. Finally, Airain ltd increased its position in shares of Photronics by 140.7% in the fourth quarter. Airain ltd now owns 80,650 shares of the company’s stock worth $1,004,000 after buying an additional 47,150 shares in the last quarter.

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. The Company supports customers across the full spectrum of integrated circuit (IC) production and flat panel display (FPD) technologies by manufacturing photomasks using electron beam or optical (laser-based) systems.

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