Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,667 shares of the semiconductor company’s stock, valued at approximately $585,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in Photronics during the fourth quarter valued at approximately $25,000. Parkside Financial Bank & Trust increased its holdings in Photronics by 571.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,054 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 897 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Photronics during the fourth quarter valued at approximately $40,000. Principal Securities Inc. purchased a new stake in Photronics during the fourth quarter valued at approximately $57,000. Finally, Quest Partners LLC purchased a new stake in Photronics during the fourth quarter valued at approximately $91,000. Institutional investors own 88.38% of the company’s stock.
Photronics Price Performance
Shares of NASDAQ PLAB opened at $25.22 on Friday. The firm has a fifty day moving average price of $26.02 and a 200-day moving average price of $28.06. The stock has a market cap of $1.60 billion, a PE ratio of 11.68 and a beta of 1.38. Photronics, Inc. has a 1 year low of $18.03 and a 1 year high of $34.16.
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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