Photronics, Inc. (NASDAQ:PLAB) Shares Purchased by Easterly Investment Partners LLC

Easterly Investment Partners LLC increased its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,188 shares of the semiconductor company’s stock after purchasing an additional 62,201 shares during the quarter. Easterly Investment Partners LLC owned 0.65% of Photronics worth $10,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. US Bancorp DE boosted its position in shares of Photronics by 137.2% during the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 701 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Photronics by 65.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 567 shares in the last quarter. Quarry LP boosted its position in shares of Photronics by 223.4% during 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 in the last quarter. GAMMA Investing LLC boosted 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 worth $73,000 after acquiring an additional 1,164 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Photronics during the 2nd quarter worth about $75,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Photronics Trading Down 0.5 %

Shares of NASDAQ PLAB traded down $0.14 during trading hours on Friday, reaching $25.81. The stock had a trading volume of 47,255 shares, compared to its average volume of 486,337. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 11.37 and a beta of 1.40. Photronics, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $34.16. The firm has a 50-day moving average of $23.78 and a 200-day moving average of $25.09.

Photronics (NASDAQ:PLAB) last announced its earnings results on Thursday, August 29th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The firm had revenue of $211.00 million during the quarter, compared to analyst estimates of $225.00 million. Photronics had a net margin of 16.22% and a return on equity of 9.46%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, equities analysts predict that Photronics, Inc. will post 2.08 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th.

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.