IHT Wealth Management LLC Sells 2,500 Shares of Photronics, Inc. (NASDAQ:PLAB)

IHT Wealth Management LLC trimmed its position in shares of Photronics, Inc. (NASDAQ:PLAB) by 20.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,776 shares of the semiconductor company’s stock after selling 2,500 shares during the period. IHT Wealth Management LLC’s holdings in Photronics were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. US Bancorp DE raised its position in Photronics by 137.2% during the 3rd quarter. US Bancorp DE now owns 1,212 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 701 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Photronics by 65.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,434 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 567 shares during the period. Quarry LP raised its holdings in shares of Photronics by 223.4% during the second quarter. Quarry LP now owns 2,629 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 1,816 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Photronics by 65.8% in the third quarter. GAMMA Investing LLC now owns 2,932 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 1,164 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Photronics during the 2nd quarter valued at $75,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Photronics Price Performance

Shares of PLAB opened at $25.32 on Wednesday. The company has a 50-day simple moving average of $24.30 and a two-hundred day simple moving average of $24.53. The firm has a market capitalization of $1.60 billion, a PE ratio of 11.15 and a beta of 1.41. Photronics, Inc. has a one year low of $20.25 and a one year 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.