Koss Olinger Consulting LLC Purchases 780 Shares of Photronics, Inc. (NASDAQ:PLAB)

Koss Olinger Consulting LLC increased its stake in shares of Photronics, Inc. (NASDAQ:PLAB) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,714 shares of the semiconductor company’s stock after acquiring an additional 780 shares during the period. Koss Olinger Consulting LLC’s holdings in Photronics were worth $463,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PLAB. Quarry LP raised its holdings in Photronics by 223.4% during the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 1,816 shares in the last quarter. GAMMA Investing LLC raised its holdings in Photronics by 65.8% during 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. Innealta Capital LLC bought a new stake in Photronics during the second quarter worth about $75,000. Palouse Capital Management Inc. bought a new stake in Photronics during the second quarter worth about $75,000. Finally, CWM LLC raised its holdings in Photronics by 155.2% during the second quarter. CWM LLC now owns 3,294 shares of the semiconductor company’s stock worth $81,000 after acquiring an additional 2,003 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Photronics from a “hold” rating to a “buy” rating in a report on Saturday, September 28th.

Photronics Stock Down 0.3 %

Shares of NASDAQ PLAB opened at $23.74 on Monday. The business’s 50 day moving average price is $23.78 and its two-hundred day moving average price is $25.43. The company has a market cap of $1.50 billion, a PE ratio of 10.99 and a beta of 1.40. Photronics, Inc. has a twelve month low of $18.03 and a twelve month high of $34.16.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Thursday, August 29th. The semiconductor company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $225.00 million. Photronics had a return on equity of 9.46% and a net margin of 16.22%. Photronics’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. As a group, research analysts anticipate that Photronics, Inc. will post 2.08 EPS 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.