GAMMA Investing LLC bought a new stake in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,367 shares of the semiconductor company’s stock, valued at approximately $40,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in shares of Photronics by 571.3% in the fourth 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 during the period. RWA Wealth Partners LLC purchased a new stake in Photronics in the fourth quarter worth $289,000. Foundry Partners LLC boosted its holdings in Photronics by 6.9% in the fourth quarter. Foundry Partners LLC now owns 255,884 shares of the semiconductor company’s stock valued at $8,027,000 after acquiring an additional 16,430 shares in the last quarter. Carmel Capital Partners LLC increased its position in Photronics by 815.9% during the 4th quarter. Carmel Capital Partners LLC now owns 9,663 shares of the semiconductor company’s stock valued at $303,000 after purchasing an additional 8,608 shares during the period. Finally, RIA Advisory Group LLC bought a new position in Photronics in the 4th quarter worth $218,000. 88.38% of the stock is owned by institutional investors.
Photronics Stock Performance
Shares of NASDAQ:PLAB opened at $28.78 on Friday. The firm has a market capitalization of $1.82 billion, a P/E ratio of 12.91 and a beta of 1.41. The stock has a 50 day moving average price of $28.16 and a 200-day moving average price of $26.83. Photronics, Inc. has a 52-week low of $14.15 and a 52-week high of $34.16.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Photronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.
Get Our Latest Stock Report 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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