SG Americas Securities LLC bought a new position in Photronics, Inc. (NASDAQ:PLAB – Free Report) in the third quarter, HoldingsChannel reports. The firm bought 29,467 shares of the semiconductor company’s stock, valued at approximately $730,000.
Several other large investors have also recently modified their holdings of PLAB. Sanctuary Advisors LLC bought a new stake in Photronics in the second quarter worth $1,603,000. Delphi Management Inc. MA lifted its holdings in shares of Photronics by 3.7% in the 2nd quarter. Delphi Management Inc. MA now owns 55,175 shares of the semiconductor company’s stock worth $1,361,000 after acquiring an additional 1,949 shares during the last quarter. Quarry LP lifted its holdings in shares of Photronics by 223.4% in the 2nd 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 last quarter. Algert Global LLC boosted its stake in shares of Photronics by 17.6% during the 2nd quarter. Algert Global LLC now owns 42,562 shares of the semiconductor company’s stock worth $1,050,000 after purchasing an additional 6,382 shares during the period. Finally, Meros Investment Management LP grew its holdings in Photronics by 1.6% during the 2nd quarter. Meros Investment Management LP now owns 450,924 shares of the semiconductor company’s stock valued at $11,124,000 after purchasing an additional 7,250 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.
Photronics Stock Up 1.8 %
Shares of Photronics stock opened at $24.20 on Monday. The stock’s fifty day moving average is $23.53 and its two-hundred day moving average is $25.58. Photronics, Inc. has a 52 week low of $18.03 and a 52 week high of $34.16. The company has a market capitalization of $1.53 billion, a PE ratio of 11.20 and a beta of 1.40.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th.
Check Out Our Latest Stock Analysis on Photronics
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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