RWA Wealth Partners LLC purchased a new position in shares of Photronics, Inc. (NASDAQ:PLAB – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,200 shares of the semiconductor company’s stock, valued at approximately $289,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PLAB. Orion Capital Management LLC purchased a new position in Photronics during the third quarter worth about $28,000. Spire Wealth Management acquired a new position in shares of Photronics in the 3rd quarter valued at $63,000. Mendota Financial Group LLC boosted its holdings in shares of Photronics by 20.8% in the 4th quarter. Mendota Financial Group LLC now owns 6,125 shares of the semiconductor company’s stock valued at $192,000 after buying an additional 1,053 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Photronics in the 4th quarter valued at $205,000. Finally, Lbmc Investment Advisors LLC acquired a new stake in Photronics during the 4th quarter worth $210,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.
Photronics Price Performance
Photronics stock opened at $27.76 on Friday. Photronics, Inc. has a 12-month low of $13.86 and a 12-month high of $34.16. The stock has a market capitalization of $1.76 billion, a P/E ratio of 12.45 and a beta of 1.40. The firm’s 50-day moving average is $28.39 and its two-hundred day moving average is $26.48.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Photronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 22nd.
View Our Latest Stock Analysis on PLAB
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.
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