The Trust Investment Advisors Has $476,000 Stake in Photronics, Inc. (PLAB)

The Trust Investment Advisors Has $476,000 Stake in Photronics, Inc. (PLAB)

Trust Investment Advisors reduced its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 5.3% during the third quarter, Holdings Channel reports. The firm owned 46,200 shares of the company’s stock after selling 2,600 shares during the period. Trust Investment Advisors owned 0.07% of Photronics worth $476,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. State of Wisconsin Investment Board raised its stake in Photronics by 5.7% in the third quarter. State of Wisconsin Investment Board now owns 654,453 shares of the company’s stock valued at $6,747,000 after buying an additional 35,000 shares during the period. Virginia Retirement Systems ET AL raised its stake in Photronics by 15.8% in the third quarter. Virginia Retirement Systems ET AL now owns 11,700 shares of the company’s stock valued at $121,000 after buying an additional 1,600 shares during the period. Malaga Cove Capital LLC raised its stake in Photronics by 11.2% in the third quarter. Malaga Cove Capital LLC now owns 66,386 shares of the company’s stock valued at $682,000 after buying an additional 6,700 shares during the period. Rice Hall James & Associates LLC raised its stake in Photronics by 52.5% in the third quarter. Rice Hall James & Associates LLC now owns 191,876 shares of the company’s stock valued at $1,978,000 after buying an additional 66,036 shares during the period. Finally, Foundry Partners LLC purchased a new stake in Photronics during the third quarter valued at approximately $2,284,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Photronics, Inc. (NASDAQ:PLAB) traded up 0.44% on Wednesday, hitting $11.40. 460,300 shares of the stock were exchanged. The company has a 50-day moving average of $11.12 and a 200-day moving average of $10.16. Photronics, Inc. has a 12 month low of $8.20 and a 12 month high of $12.40. The stock has a market cap of $778.90 million, a price-to-earnings ratio of 17.70 and a beta of 0.58.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Tuesday, December 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Photronics had a net margin of 9.56% and a return on equity of 4.06%. The business had revenue of $107.40 million for the quarter. During the same period in the previous year, the firm earned $0.25 EPS. The company’s revenue was down 24.2% on a year-over-year basis. On average, equities analysts predict that Photronics, Inc. will post $0.54 EPS for the current year.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research note on Thursday, January 12th. Needham & Company LLC lowered shares of Photronics from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Stifel Nicolaus lowered shares of Photronics from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Finally, SunTrust Banks, Inc. set a $12.00 price objective on shares of Photronics and gave the company a “buy” rating in a research note on Tuesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Photronics currently has a consensus rating of “Hold” and an average target price of $13.00.

Photronics Company Profile

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.

Want to see what other hedge funds are holding PLAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Photronics, Inc. (NASDAQ:PLAB).

Related posts

Leave a Comment