SG Americas Securities LLC Takes Position in Photronics, Inc. (NASDAQ:PLAB)

SG Americas Securities LLC acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLABFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,467 shares of the semiconductor company’s stock, valued at approximately $730,000.

Other large investors also recently bought and sold shares of the company. Quarry LP grew its stake in shares of Photronics by 223.4% in the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 1,816 shares during the period. Innealta Capital LLC bought a new position in shares of Photronics during the 2nd quarter valued at $75,000. Palouse Capital Management Inc. purchased a new position in shares of Photronics in the 2nd quarter worth $75,000. CWM LLC grew its holdings in shares of Photronics by 155.2% in the second quarter. CWM LLC now owns 3,294 shares of the semiconductor company’s stock worth $81,000 after acquiring an additional 2,003 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Photronics during the first quarter valued at $121,000. 88.38% of the stock is currently owned by institutional investors.

Photronics Trading Up 1.8 %

Shares of NASDAQ:PLAB opened at $24.20 on Monday. The stock has a 50 day moving average of $23.53 and a 200 day moving average of $25.58. The company has a market cap of $1.53 billion, a PE ratio of 11.20 and a beta of 1.40. Photronics, Inc. has a 12-month low of $18.03 and a 12-month high of $34.16.

Photronics (NASDAQ:PLABGet Free Report) last posted its quarterly earnings results on Thursday, August 29th. The semiconductor company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $225.00 million. Photronics had a net margin of 16.22% and a return on equity of 9.46%. Photronics’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. Equities research analysts predict that Photronics, Inc. will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th.

Get Our Latest Stock Analysis on PLAB

About Photronics

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Photronics (NASDAQ:PLAB)

Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.