Bailard Inc. bought a new stake in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 8,300 shares of the semiconductor company’s stock, valued at approximately $260,000.
Other institutional investors have also bought and sold shares of the company. First Dallas Securities Inc. purchased a new position in Photronics during the 3rd quarter worth $716,000. Mackenzie Financial Corp purchased a new position in Photronics during the fourth quarter worth about $984,000. Assenagon Asset Management S.A. grew its position in Photronics by 20.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 827,315 shares of the semiconductor company’s stock worth $25,953,000 after purchasing an additional 139,734 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Photronics by 187.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 169,834 shares of the semiconductor company’s stock valued at $3,432,000 after buying an additional 110,792 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Photronics during the 3rd quarter worth approximately $422,000. Institutional investors own 88.38% of the company’s stock.
Photronics Price Performance
NASDAQ PLAB opened at $28.28 on Monday. The business’s fifty day moving average is $28.29 and its 200-day moving average is $26.62. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 12.68 and a beta of 1.40. Photronics, Inc. has a one year low of $13.86 and a one year high of $34.16.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Photronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd.
View Our Latest Analysis on PLAB
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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