Charles Schwab Investment Management Inc. Acquires 32,977 Shares of Photronics, Inc. (NASDAQ:PLAB)

Charles Schwab Investment Management Inc. boosted its holdings in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 967,003 shares of the semiconductor company's stock after acquiring an additional 32,977 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.53% of Photronics worth $23,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. US Bancorp DE lifted its holdings in shares of Photronics by 137.2% during the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 701 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Photronics by 65.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company's stock valued at $36,000 after buying an additional 567 shares in the last quarter. Quarry LP boosted its holdings in shares of Photronics by 223.4% in the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company's stock worth $65,000 after buying an additional 1,816 shares during the period. GAMMA Investing LLC increased its position in shares of Photronics by 65.8% in the third quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company's stock worth $73,000 after acquiring an additional 1,164 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Photronics during the second quarter valued at approximately $75,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Photronics Price Performance

Photronics stock traded up $0.99 during mid-day trading on Friday, hitting $25.25. The company's stock had a trading volume of 296,980 shares, compared to its average volume of 477,633. Photronics, Inc. has a 52-week low of $20.25 and a 52-week high of $34.16. The firm's 50 day moving average is $24.27 and its 200 day moving average is $24.59. The company has a market cap of $1.60 billion, a PE ratio of 11.06 and a beta of 1.41.

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.