Sci-tech

Analyst's keeping an Eye on: Photronics Inc (PLAB)

The number of shares now owned by investors are 196.21 mln. Photronics makes up approximately 1.2% of Donald Smith & CO. Russell Investments Group Ltd. now owns 231,428 shares of the semiconductor company's stock valued at $2,176,000 after acquiring an additional 60,668 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Photronics by 1.2% during the 2nd quarter. California Public Employees Retirement System increased its position in shares of Photronics by 4.0% during the 2nd quarter.

TRADEMARK VIOLATION WARNING: "Citadel Advisors LLC Grows Stake in Photronics, Inc". California Public Employees Retirement System now owns 720,200 shares of the semiconductor company's stock valued at $6,770,000 after purchasing an additional 28,000 shares during the last quarter. Swiss National Bank lifted its position in shares of Photronics by 3.4% in the 1st quarter. The stock has been active on the tape, now trading at $9.35, up from yesterday's close by 3.31%.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Photronics, Inc.

By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Institutional investors own 96.01% of the company's stock.

Photronics Inc (PLAB) now has a 14-day Commodity Channel Index (CCI) of 126.25. If you are reading this story on another publication, it was illegally stolen and reposted in violation of US and global trademark & copyright law.

Investors are paying close attention to shares of Photronics Inc (PLAB). BidaskClub upgraded Photronics from a "sell" rating to a "hold" rating in a report on Tuesday, July 18th. Also, the Hold rating count is 2 as of 10/02/17. The Mean Recommendation is the average rating on a stock by the analyst community. Its minimum price target estimates has been figured out at $9 while the maximum price target forecast is established at $13. Previously Photronics Inc (NASDAQ:PLAB) reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $-0.03 with surprise factor of -33.3%.

On the other hand Photronics Inc (NASDAQ:PLAB) has Relative Strength Index (RSI 14) of 62.21 along with Average True Range (ATR 14) of 0.34.

When a stock traded on high volume like here PLAB stock traded then is it is good time for active Investors to attain the opportunity of this situation.

Photronics Inc. (NASDAQ:PLAB) touched its 1-Year High price of $12.10 on 12/20/16 and its 1-Year Low price of $ 7.55 on 08/28/17. The company has a market capitalization of $618.72 million, a P/E ratio of 47.487 and a beta of 0.58. The company has a 50 day moving average of $8.02 and a 200-day moving average of $9.81.

Photronics Inc. (NASDAQ:PLAB) gross margin percentage stands at 19.5% while its operating margin for the past trailing twelve month is 5.7 percent and its overall profit margin (ttm) is 3 Percent. However a year ago for the same quarter the company has reported $0.05 EPS.

Analysts believe that the company has the potential to earn average revenue of $112.17 Million for the current quarter. The return on assets stands at 1.3%, Return on Equity now is 1.8% and the Return on Investment value is 6.1%. During the same quarter in the prior year, the business posted $0.12 EPS.

Wall Street analysts are predicting that Photronics Inc (NASDAQ:PLAB) will report earnings per share of $0.06 in their quarterly report. RSI measures the speed and change of a stock price to warn investors when a stock's momentum has carried it too far. Principal Financial Group Inc. now owns 14,915 shares of the semiconductor company's stock valued at $140,000 after purchasing an additional 720 shares during the last quarter. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. 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.



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