Cwm LLC Raises Stake in Photronics, Inc. (NASDAQ:PLAB)

Cwm LLC increased its stake in Photronics, Inc. (NASDAQ:PLAB – Get Rating) by 81.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,849 shares of the semiconductor company’s stock after buying an additional 828 shares during the period. Cwm LLC’s holdings in Photronics were worth $27,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Prudential Financial Inc. lifted its holdings in Photronics by 226.0% during the second quarter. Prudential Financial Inc. now owns 992,949 shares of the semiconductor company’s stock valued at $19,343,000 after purchasing an additional 688,400 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Photronics in the third quarter worth about $8,224,000. Invesco Ltd. lifted its holdings in shares of Photronics by 56.6% in the first quarter. Invesco Ltd. now owns 823,238 shares of the semiconductor company’s stock worth $13,970,000 after buying an additional 297,595 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Photronics in the second quarter worth about $5,605,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Photronics by 75.6% in the second quarter. JPMorgan Chase & Co. now owns 318,843 shares of the semiconductor company’s stock worth $6,211,000 after buying an additional 137,266 shares in the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mitchell G. Tyson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $17.33, for a total value of $34,660.00. Following the transaction, the director now directly owns 56,379 shares in the company, valued at $977,048.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Photronics Trading Up 2.5 %

Shares of Photronics stock opened at $17.97 on Friday. The company has a current ratio of 3.33, a quick ratio of 3.06 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $17.88 and its 200-day moving average price is $18.27. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 9.08 and a beta of 1.18. Photronics, Inc. has a 12-month low of $13.87 and a 12-month high of $25.81.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Photronics from a “buy” rating to a “strong-buy” rating in a report on Friday.

About Photronics

(Get Rating)

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. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and various types of electrical and optical components.