Bokf Na Has $580,000 Stake in Photronics, Inc. (NASDAQ:PLAB)

Bokf Na grew its holdings in Photronics, Inc. (NASDAQ:PLAB) by 125.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,501 shares of the semiconductor company’s stock after purchasing an additional 13,077 shares during the period. Bokf Na’s holdings in Photronics were worth $580,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of Photronics by 177.9% in the 1st quarter. Russell Investments Group Ltd. now owns 98,774 shares of the semiconductor company’s stock valued at $2,797,000 after purchasing an additional 63,228 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Photronics by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 885,863 shares of the semiconductor company’s stock worth $27,790,000 after buying an additional 30,163 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Photronics by 19.0% in the first quarter. Lord Abbett & CO. LLC now owns 308,856 shares of the semiconductor company’s stock worth $8,746,000 after buying an additional 49,331 shares during the last quarter. LSV Asset Management increased its holdings in Photronics by 13.7% in the first quarter. LSV Asset Management now owns 1,714,964 shares of the semiconductor company’s stock worth $48,568,000 after buying an additional 207,049 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Photronics in the first quarter worth approximately $1,121,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Photronics from a “hold” rating to a “buy” rating in a report on Thursday.

Photronics Price Performance

Shares of Photronics stock opened at $23.65 on Monday. Photronics, Inc. has a fifty-two week low of $18.03 and a fifty-two week high of $34.16. The firm has a fifty day moving average price of $24.21 and a two-hundred day moving average price of $26.26. The company has a market cap of $1.50 billion, a PE ratio of 10.95 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Thursday, August 29th. The semiconductor company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The company had revenue of $211.00 million during 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 for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Analysts expect that Photronics, Inc. will post 2.08 earnings per share for the current fiscal year.

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.