Hodges Capital Management Inc. Purchases 12,940 Shares of Photronics, Inc. (NASDAQ:PLAB)

Hodges Capital Management Inc. increased its position in Photronics, Inc. (NASDAQ:PLAB) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,385 shares of the semiconductor company’s stock after purchasing an additional 12,940 shares during the quarter. Hodges Capital Management Inc.’s holdings in Photronics were worth $3,773,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Photronics by 17.2% during the 2nd quarter. Pacer Advisors Inc. now owns 2,482,856 shares of the semiconductor company’s stock worth $61,252,000 after acquiring an additional 364,150 shares during the period. State Street Corp raised its position in Photronics by 0.4% in the third quarter. State Street Corp now owns 2,368,450 shares of the semiconductor company’s stock worth $58,643,000 after purchasing an additional 10,590 shares in the last quarter. LSV Asset Management lifted its stake in Photronics by 16.0% during the second quarter. LSV Asset Management now owns 1,990,046 shares of the semiconductor company’s stock worth $49,094,000 after purchasing an additional 275,082 shares during the period. American Century Companies Inc. boosted its holdings in Photronics by 12.8% during the second 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Photronics by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 967,003 shares of the semiconductor company’s stock valued at $23,943,000 after purchasing an additional 32,977 shares during the period. Institutional investors and hedge funds own 88.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

Photronics Price Performance

Photronics stock opened at $25.25 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 11.12 and a beta of 1.41. The stock has a fifty day moving average price of $24.28 and a two-hundred day moving average price of $24.54. Photronics, Inc. has a 52-week low of $20.25 and a 52-week high of $34.16.

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.