Versor Investments LP lowered its holdings in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) by 58.4% during the fourth quarter, Holdings Channel reports. The firm owned 20,517 shares of the semiconductor company’s stock after selling 28,768 shares during the period. Versor Investments LP’s holdings in Photronics were worth $644,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of PLAB. SummerHaven Investment Management LLC increased its position in Photronics by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 27,266 shares of the semiconductor company’s stock worth $855,000 after buying an additional 370 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Photronics by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,499 shares of the semiconductor company’s stock valued at $1,208,000 after acquiring an additional 819 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Photronics by 571.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,054 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 897 shares in the last quarter. Mendota Financial Group LLC lifted its holdings in Photronics by 20.8% in the 4th quarter. Mendota Financial Group LLC now owns 6,125 shares of the semiconductor company’s stock worth $192,000 after purchasing an additional 1,053 shares during the last quarter. Finally, LVZ Inc. boosted its position in Photronics by 11.8% during the fourth quarter. LVZ Inc. now owns 12,657 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 1,331 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.
Photronics Price Performance
Photronics stock opened at $28.92 on Friday. Photronics, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $34.16. The firm has a fifty day moving average price of $28.23 and a two-hundred day moving average price of $27.12. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 12.97 and a beta of 1.41.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Photronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 22nd.
Get Our Latest Report on Photronics
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.
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