Aviva PLC lowered its holdings in shares of Photronics, Inc. (NASDAQ:PLAB – Get Rating) by 40.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,600 shares of the semiconductor company’s stock after selling 37,254 shares during the quarter. Aviva PLC’s holdings in Photronics were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Skylands Capital LLC lifted its holdings in shares of Photronics by 12.9% in the 4th quarter. Skylands Capital LLC now owns 213,850 shares of the semiconductor company’s stock valued at $3,599,000 after acquiring an additional 24,500 shares during the last quarter. UBS Group AG boosted its holdings in shares of Photronics by 72.0% in the 4th quarter. UBS Group AG now owns 37,817 shares of the semiconductor company’s stock worth $636,000 after purchasing an additional 15,831 shares during the period. Hussman Strategic Advisors Inc. increased its position in shares of Photronics by 67.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 208,000 shares of the semiconductor company’s stock valued at $3,501,000 after purchasing an additional 84,000 shares during the last quarter. LSV Asset Management lifted its position in Photronics by 32.3% in the fourth quarter. LSV Asset Management now owns 358,800 shares of the semiconductor company’s stock worth $6,039,000 after buying an additional 87,600 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Photronics by 1.6% during the fourth quarter. Swiss National Bank now owns 148,800 shares of the semiconductor company’s stock worth $2,504,000 after buying an additional 2,400 shares during the period. 90.41% of the stock is owned by hedge funds and other institutional investors.
Photronics Stock Up 1.1 %
Shares of PLAB opened at $17.37 on Monday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 9.49 and a beta of 1.18. Photronics, Inc. has a 12-month low of $13.86 and a 12-month high of $25.81. The firm has a fifty day moving average price of $15.67 and a 200-day moving average price of $17.11. The company has a current ratio of 3.52, a quick ratio of 3.25 and a debt-to-equity ratio of 0.02.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on PLAB shares. StockNews.com began coverage on shares of Photronics in a research note on Thursday. They issued a “buy” rating on the stock. Northland Securities decreased their price objective on shares of Photronics from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Monday, April 17th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Photronics in a research note on Tuesday, April 11th.
Photronics, Inc engages in the provision of photomasks. It manufactures semiconductors and flat-panel displays and is used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during the fabrication of integrated circuits, a variety of FPDs and other types of electrical and optical components.
- Get a free copy of the StockNews.com research report on Photronics (PLAB)
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