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

Segall Bryant & Hamill LLC grew its position in Photronics, Inc. (NASDAQ:PLAB) by 1.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 116,014 shares of the semiconductor company’s stock after acquiring an additional 1,630 shares during the period. Segall Bryant & Hamill LLC owned 0.18% of Photronics worth $2,873,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in Photronics by 177.9% in the 1st quarter. Russell Investments Group Ltd. now owns 98,774 shares of the semiconductor company’s stock valued at $2,797,000 after acquiring an additional 63,228 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Photronics by 11.4% in the second quarter. Wedge Capital Management L L P NC now owns 228,950 shares of the semiconductor company’s stock worth $5,648,000 after purchasing an additional 23,449 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Photronics by 41.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 72,251 shares of the semiconductor company’s stock valued at $2,046,000 after purchasing an additional 21,109 shares during the period. Victory Capital Management Inc. raised its position in Photronics by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 530,401 shares of the semiconductor company’s stock worth $13,133,000 after purchasing an additional 24,834 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Photronics during the 3rd quarter worth about $730,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Photronics Stock Up 1.8 %

Shares of PLAB stock opened at $24.89 on Friday. Photronics, Inc. has a 52 week low of $20.25 and a 52 week high of $34.16. The firm has a 50 day moving average of $24.07 and a 200-day moving average of $24.85. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 10.96 and a beta of 1.40.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Thursday, August 29th. The semiconductor company reported $0.51 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 company’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. Analysts anticipate that Photronics, Inc. will post 2.08 earnings per share for the current year.

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.