How Analysts Feel About Photronics, Inc. (NASDAQ:PLAB)?

October 13, 2017 - By Migdalia James

 How Analysts Feel About Photronics, Inc. (NASDAQ:PLAB)?
Investors sentiment decreased to 1.11 in 2017 Q2. Its down 0.40, from 1.51 in 2017Q1. It dived, as 15 investors sold Photronics, Inc. shares while 49 reduced holdings. 22 funds opened positions while 49 raised stakes. 65.49 million shares or 1.72% less from 66.64 million shares in 2017Q1 were reported.
Dimensional Fund Advsr Limited Partnership reported 5.78M shares stake. Wells Fargo Company Mn, California-based fund reported 48,086 shares. Great West Life Assurance Company Can holds 11,239 shares or 0% of its portfolio. Virginia Retirement Systems Et Al owns 31,600 shares for 0% of their portfolio. Qs Invsts Ltd Liability Com stated it has 0.01% in Photronics, Inc. (NASDAQ:PLAB). Systematic Financial Limited Partnership has invested 0.03% in Photronics, Inc. (NASDAQ:PLAB). Ubs Asset Management Americas Inc has invested 0% in Photronics, Inc. (NASDAQ:PLAB). Waddell & Reed Financial Inc stated it has 2.98M shares. Foundry Ltd Llc holds 0.17% in Photronics, Inc. (NASDAQ:PLAB) or 448,725 shares. Moreover, Rice Hall James Assocs Ltd Liability Corp has 0.07% invested in Photronics, Inc. (NASDAQ:PLAB) for 175,165 shares. Citigroup Inc has invested 0% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Savings Bank Of New York Mellon reported 1.99 million shares. Airain Limited holds 0.01% or 14,611 shares. 726,143 are held by Numeric Lc. Brandywine Limited invested 0.02% in Photronics, Inc. (NASDAQ:PLAB).

Since June 1, 2017, it had 0 insider purchases, and 1 sale for $40,200 activity.

Photronics, Inc. (NASDAQ:PLAB) Ratings Coverage

Among 7 analysts covering Photronics (NASDAQ:PLAB), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Photronics had 10 analyst reports since August 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Thursday, October 1. Suntrust Robinson initiated Photronics, Inc. (NASDAQ:PLAB) on Thursday, October 1 with “Buy” rating. The firm has “Hold” rating by Stifel Nicolaus given on Friday, November 11. As per Friday, December 4, the company rating was maintained by Needham. The rating was downgraded by Needham on Friday, November 11 to “Hold”. SunTrust initiated the shares of PLAB in report on Thursday, October 1 with “Buy” rating. The rating was maintained by Needham on Monday, September 18 with “Hold”. The firm has “Buy” rating by Needham given on Friday, February 12. Below is a list of Photronics, Inc. (NASDAQ:PLAB) latest ratings and price target changes.

18/09/2017 Broker: Needham Rating: Hold Maintain
15/08/2017 Broker: DA Davidson Rating: Buy New Target: $13.0

It closed at $9.4 lastly. It is down 13.48% since October 13, 2016 and is uptrending. It has underperformed by 3.22% the S&P500.

Photronics, Inc. is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. The company has market cap of $648.02 million. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States. It has a 49.75 P/E ratio. Photomasks are used in the manufacture of semiconductors and flat panel displays , and are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits (ICs), and a range of FPDs and other types of electrical and optical components.

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