Hotchkis & Wiley Capital Management LLC lifted its holdings in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 8.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 371,010 shares of the semiconductor company's stock after acquiring an additional 29,480 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.59% of Photronics worth $9,186,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in PLAB. Pacer Advisors Inc. increased its position in shares of Photronics by 17.2% in the second quarter. Pacer Advisors Inc. now owns 2,482,856 shares of the semiconductor company's stock valued at $61,252,000 after acquiring an additional 364,150 shares during the period. LSV Asset Management increased its holdings in Photronics by 16.0% during the 2nd quarter. LSV Asset Management now owns 1,990,046 shares of the semiconductor company's stock valued at $49,094,000 after purchasing an additional 275,082 shares during the period. American Century Companies Inc. raised its position in Photronics by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 1,684,647 shares of the semiconductor company's stock valued at $41,560,000 after purchasing an additional 191,809 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Photronics by 20.8% in the 2nd quarter. Victory Capital Management Inc. now owns 505,567 shares of the semiconductor company's stock worth $12,472,000 after buying an additional 86,938 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new position in shares of Photronics during the second quarter valued at approximately $2,112,000. 88.38% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Photronics from a "hold" rating to a "buy" rating in a research note on Saturday, September 28th.
View Our Latest Analysis on PLAB
Photronics Stock Down 3.0 %
Shares of PLAB traded down $0.75 during trading hours on Thursday, reaching $24.26. 288,706 shares of the company traded hands, compared to its average volume of 479,094. Photronics, Inc. has a 12 month low of $20.25 and a 12 month high of $34.16. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 10.69 and a beta of 1.41. The company's fifty day moving average price is $24.27 and its two-hundred day moving average price is $24.59.
Photronics Company Profile
(
Free Report)
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.
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