PDT Partners LLC Invests $721,000 in Photronics, Inc. (NASDAQ:PLAB)

PDT Partners LLC bought a new position in shares of Photronics, Inc. (NASDAQ:PLAB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 29,123 shares of the semiconductor company's stock, valued at approximately $721,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC increased its stake in Photronics by 11.4% in the second quarter. Wedge Capital Management L L P NC now owns 228,950 shares of the semiconductor company's stock valued at $5,648,000 after purchasing an additional 23,449 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Photronics by 4.9% in the third quarter. Victory Capital Management Inc. now owns 530,401 shares of the semiconductor company's stock valued at $13,133,000 after acquiring an additional 24,834 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Photronics during the third quarter worth about $730,000. Inspire Advisors LLC purchased a new position in Photronics during the second quarter worth about $2,112,000. Finally, Farther Finance Advisors LLC lifted its position in Photronics by 21.9% in the third quarter. Farther Finance Advisors LLC now owns 5,930 shares of the semiconductor company's stock valued at $147,000 after purchasing an additional 1,066 shares during the period. Institutional investors and hedge funds own 88.38% of the company's stock.

Photronics Stock Down 1.3 %

Shares of NASDAQ PLAB traded down $0.32 during midday trading on Tuesday, hitting $25.02. The company had a trading volume of 529,958 shares, compared to its average volume of 480,713. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 11.02 and a beta of 1.41. The business has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $24.59. Photronics, Inc. has a twelve month low of $20.25 and a twelve month high of $34.16.

Analyst Ratings Changes

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

Photronics Profile

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.