Thrivent Financial for Lutherans Decreases Holdings in Photronics, Inc. (NASDAQ:PLAB)

Thrivent Financial for Lutherans decreased its position in Photronics, Inc. (NASDAQ:PLAB) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,754 shares of the semiconductor company’s stock after selling 2,839 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Photronics were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of PLAB. Arizona State Retirement System increased its stake in Photronics by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 17,735 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 530 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of Photronics by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 28,145 shares of the semiconductor company’s stock worth $694,000 after purchasing an additional 563 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Photronics by 65.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after buying an additional 567 shares during the period. US Bancorp DE increased its stake in shares of Photronics by 137.2% in the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after buying an additional 701 shares during the period. Finally, Koss Olinger Consulting LLC raised its holdings in Photronics by 4.3% during the 3rd quarter. Koss Olinger Consulting LLC now owns 18,714 shares of the semiconductor company’s stock valued at $463,000 after buying an additional 780 shares during the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Price Performance

PLAB opened at $24.91 on Monday. Photronics, Inc. has a one year low of $20.25 and a one year high of $34.16. The business has a 50 day simple moving average of $24.21 and a two-hundred day simple moving average of $24.64. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.97 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last posted its earnings results on Thursday, August 29th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). Photronics had a net margin of 16.22% and a return on equity of 9.46%. The business had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $225.00 million. During the same period last year, the firm posted $0.51 earnings per share. Photronics’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Photronics, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

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

Photronics Company 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.