Dynamic Technology Lab Private Ltd Purchased New Holding in Photronics, Inc. (PLAB)

Dynamic Technology Lab Private Ltd Purchased New Holding in Photronics, Inc. (PLAB)

Dynamic Technology Lab Private Ltd acquired a new position in Photronics, Inc. (NASDAQ:PLAB) during the first quarter, Holdings Channel reports. The fund acquired 44,723 shares of the semiconductor company’s stock, valued at approximately $478,000.

Other institutional investors also recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in Photronics during the first quarter worth $145,000. Princeton Alpha Management LP boosted its position in shares of Photronics by 24.2% in the first quarter. Princeton Alpha Management LP now owns 15,950 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 3,105 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of Photronics by 27.0% in the first quarter. Fox Run Management L.L.C. now owns 19,300 shares of the semiconductor company’s stock valued at $207,000 after buying an additional 4,100 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of Photronics during the first quarter valued at approximately $215,000. Finally, Trexquant Investment LP acquired a new position in shares of Photronics during the fourth quarter valued at approximately $268,000. 98.49% of the stock is owned by hedge funds and other institutional investors.

Photronics, Inc. (NASDAQ PLAB) opened at 10.05 on Thursday. The firm has a 50-day moving average of $10.94 and a 200 day moving average of $10.97. The stock has a market cap of $687.68 million, a PE ratio of 40.04 and a beta of 0.52. Photronics, Inc. has a 12 month low of $8.20 and a 12 month high of $12.10.

Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, May 17th. The semiconductor company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by $0.02. The company had revenue of $108.30 million for the quarter, compared to analyst estimates of $111.16 million. Photronics had a return on equity of 4.06% and a net margin of 9.56%. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. Analysts anticipate that Photronics, Inc. will post $0.28 EPS for the current year.

Separately, Zacks Investment Research cut shares of Photronics from a “hold” rating to a “sell” rating in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Photronics presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Photronics Company Profile

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PLAB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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