Photronics (NASDAQ:PLAB – Get Rating) had its price target boosted by Northland Securities from $18.00 to $21.00 in a research report sent to investors on Thursday morning, The Fly reports.
A number of other analysts have also recently weighed in on PLAB. DA Davidson restated a buy rating on shares of Photronics in a research note on Tuesday, April 11th. StockNews.com started coverage on shares of Photronics in a report on Thursday, May 18th. They issued a buy rating on the stock.
Photronics Stock Performance
PLAB stock opened at $20.25 on Thursday. The company has a quick ratio of 3.25, a current ratio of 3.89 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 10.18 and a beta of 1.18. Photronics has a 12 month low of $13.86 and a 12 month high of $25.81. The firm has a 50 day moving average of $15.81 and a two-hundred day moving average of $17.16.
Institutional Investors Weigh In On Photronics
Institutional investors and hedge funds have recently bought and sold shares of the business. M&T Bank Corp bought a new stake in shares of Photronics in the 4th quarter worth about $49,259,000. Prudential Financial Inc. grew its holdings in shares of Photronics by 48.4% in the 3rd quarter. Prudential Financial Inc. now owns 1,473,074 shares of the semiconductor company’s stock worth $21,536,000 after purchasing an additional 480,125 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Photronics in the 4th quarter worth about $7,652,000. Marshall Wace LLP grew its holdings in shares of Photronics by 116.0% in the 4th quarter. Marshall Wace LLP now owns 756,081 shares of the semiconductor company’s stock worth $12,725,000 after purchasing an additional 406,071 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Photronics by 74.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 860,890 shares of the semiconductor company’s stock worth $14,274,000 after purchasing an additional 366,875 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.
Photronics Company Profile
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)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.