NY owned about 0.06% of Photronics worth $477,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in Photronics by 10.2% in the second quarter. Alliancebernstein L.P. now owns 1,720,512 shares of the semiconductor company's stock worth $18,409,000 after buying an additional 181,550 shares during the period.
Dimensional Fund Advisors Lp reports that it bought 7,107 shares in quarter ending 06/30/2017 increasing its holdings in Photronics, Inc.by 0.1%. Virtu Financial LLC acquired a new position in shares of Ultratech during the first quarter valued at about $286,000. Sentinel Trust Co. LBA now owns 227,679 shares of the semiconductor company's stock valued at $2,436,000 after buying an additional 69,590 shares in the last quarter. Teachers Advisors LLC raised its position in Photronics by 2.5% in the fourth quarter. Finally, State Street Corp increased its position in Photronics by 3.8% in the first quarter. Cortina Asset Management, LLC controls 687,329 shares worth $6,461,000. Ultratech, Inc. has a 1-year low of $20.56 and a 1-year high of $30.94.
The company is trading down from yesterday's close of $9.55. The company had a trading volume of 307,714 shares. The firm has a 50-day moving average price of $9.84 and a 200 day moving average price of $10.61. The company has a market cap of $654.28 million, a price-to-earnings ratio of 38.31 and a beta of 0.48.
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Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Wednesday, May 17th. The semiconductor company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.02. Photronics had a return on equity of 1.84% and a net margin of 3.81%. The firm had revenue of $108.30 million during the quarter, compared to analyst estimates of $111.16 million. On average, analysts anticipate that Photronics will post $0.28 EPS for the current year. Photronics's quarterly revenue was down 11.9% on a year-over-year basis.
WARNING: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. The original version of this article can be viewed at https://sportsperspectives.com/2017/08/12/photronics-inc-nasdaqplab-upgraded-at-bidaskclub-updated-updated-updated.html. BidaskClub lowered Photronics from a "sell" rating to a "strong sell" rating in a report on Saturday. Zacks Investment Research raised shares of Photronics from a "sell" rating to a "hold" rating in a research report on Tuesday, April 18th. ValuEngine upgraded shares of Photronics from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. The stock now has an average rating of "Hold" and a consensus target price of $12.83.
In other Photronics news, VP Christopher J. Progler sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The total value of its holdings decreased 8.6%. Following the completion of the transaction, the vice president now directly owns 78,900 shares in the company, valued at approximately $792,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits.