SG Americas Securities LLC acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLAB – Free 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.
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
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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