Photronics, Inc. (NASDAQ:PLAB) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 530,401 shares of the semiconductor company's stock after acquiring an additional 24,834 shares during the period. Victory Capital Management Inc. owned 0.84% of Photronics worth $13,133,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Easterly Investment Partners LLC grew its holdings in shares of Photronics by 17.8% in the third quarter. Easterly Investment Partners LLC now owns 411,188 shares of the semiconductor company's stock valued at $10,181,000 after purchasing an additional 62,201 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Photronics by 21.9% in the third quarter. Farther Finance Advisors LLC now owns 5,930 shares of the semiconductor company's stock worth $147,000 after acquiring an additional 1,066 shares in the last quarter. EMC Capital Management increased its position in shares of Photronics by 45.0% during the third quarter. EMC Capital Management now owns 16,053 shares of the semiconductor company's stock worth $397,000 after acquiring an additional 4,984 shares during the period. US Bancorp DE raised its stake in shares of Photronics by 137.2% in the third quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 701 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Photronics by 65.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 567 shares during the period. Institutional investors and hedge funds own 88.38% of the company's stock.

Analyst Ratings Changes

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

Photronics Stock Up 0.7 %

NASDAQ PLAB opened at $24.10 on Thursday. The stock has a market capitalization of $1.53 billion, a PE ratio of 10.62 and a beta of 1.40. The firm has a 50 day moving average of $24.01 and a two-hundred day moving average of $24.88. Photronics, Inc. has a 52 week low of $20.25 and a 52 week high of $34.16.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The semiconductor company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). Photronics had a net margin of 16.22% and a return on equity of 9.46%. The company had revenue of $211.00 million during the quarter, compared to analysts' expectations of $225.00 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business's revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts expect that Photronics, Inc. will post 2.08 earnings per share for the current fiscal year.

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.