Segall Bryant & Hamill LLC Acquires 1,630 Shares of Photronics, Inc. (NASDAQ:PLAB)

Segall Bryant & Hamill LLC raised its holdings in shares of Photronics, Inc. (NASDAQ:PLAB) by 1.4% during the third quarter, HoldingsChannel reports. The fund owned 116,014 shares of the semiconductor company’s stock after purchasing an additional 1,630 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Photronics were worth $2,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PLAB. US Bancorp DE lifted its holdings 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 in the last quarter. Nisa Investment Advisors LLC lifted its stake in Photronics by 65.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 567 shares in the last quarter. Quarry LP boosted its holdings in Photronics by 223.4% in the 2nd quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 1,816 shares during the period. GAMMA Investing LLC grew its position in shares of Photronics by 65.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Photronics in the second quarter worth $75,000. Hedge funds and other institutional investors 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 research report on Saturday, September 28th.

Photronics Trading Up 1.8 %

Shares of Photronics stock opened at $24.89 on Friday. The firm has a market capitalization of $1.58 billion, a PE ratio of 10.96 and a beta of 1.40. Photronics, Inc. has a 12 month low of $20.25 and a 12 month high of $34.16. The business’s 50-day moving average price is $24.07 and its 200-day moving average price is $24.85.

Photronics (NASDAQ:PLAB) last posted its quarterly 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). The business had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $225.00 million. Photronics had a net margin of 16.22% and a return on equity of 9.46%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, analysts predict that Photronics, Inc. will post 2.08 earnings per share for the current fiscal year.

Photronics 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.