Edgestream Partners L.P. Takes $302,000 Position in Photronics, Inc. (NASDAQ:PLAB)

Edgestream Partners L.P. bought a new position in shares of Photronics, Inc. (NASDAQ:PLAB) in the 3rd quarter, Holdings Channel reports. The fund bought 12,181 shares of the semiconductor company’s stock, valued at approximately $302,000.

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

Photronics Stock Performance

Shares of NASDAQ PLAB opened at $25.25 on Friday. Photronics, Inc. has a one year low of $20.25 and a one year high of $34.16. The firm has a market capitalization of $1.60 billion, a P/E ratio of 11.12 and a beta of 1.41. The company’s fifty day moving average is $24.28 and its two-hundred day moving average is $24.57.

Analyst Ratings Changes

Separately, StockNews.com raised 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.