How Many Photronics, Inc. (NASDAQ:PLAB)’s Analysts Are Bearish?

October 13, 2017 - By Marguerite Chambers

 How Many Photronics, Inc. (NASDAQ:PLAB)'s Analysts Are Bearish?
Investors sentiment decreased to 1.11 in Q2 2017. Its down 0.40, from 1.51 in 2017Q1. It fall, 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.
1.39M were accumulated by Voya Investment Mngmt Limited Liability Co. Bnp Paribas Arbitrage owns 13,302 shares. Gsa Cap Ltd Liability Partnership stated it has 28,620 shares or 0.02% of all its holdings. Dimensional Fund Advisors L P owns 0.03% invested in Photronics, Inc. (NASDAQ:PLAB) for 5.78M shares. Peak6 Invests Lp reported 41,795 shares. Heartland Advisors Inc stated it has 0.2% in Photronics, Inc. (NASDAQ:PLAB). Connecticut-based Aqr Mngmt Limited Liability Company has invested 0.01% in Photronics, Inc. (NASDAQ:PLAB). Adams Diversified Equity Fund Incorporated has invested 0.03% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Public Employees Retirement System Of Ohio invested in 15,078 shares or 0% of the stock. Franklin Res reported 4.85M shares. Oak Assoc Limited Oh reported 0.07% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). D E Shaw And Company Incorporated has invested 0.02% in Photronics, Inc. (NASDAQ:PLAB). 550,000 were reported by State Of Wisconsin Investment Board. Donald Smith Com accumulated 5.27M shares. Hodges Mngmt accumulated 92,010 shares.

Since June 1, 2017, it had 0 insider purchases, and 1 insider 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. SunTrust initiated the stock with “Buy” rating in Thursday, October 1 report. The stock of Photronics, Inc. (NASDAQ:PLAB) earned “Buy” rating by Needham on Friday, December 4. The stock of Photronics, Inc. (NASDAQ:PLAB) earned “Buy” rating by Needham on Friday, February 12. Suntrust Robinson initiated Photronics, Inc. (NASDAQ:PLAB) on Thursday, October 1 with “Buy” rating. The stock has “Hold” rating by Needham on Friday, November 11. The stock of Photronics, Inc. (NASDAQ:PLAB) has “Hold” rating given on Monday, September 18 by Needham. Stifel Nicolaus downgraded the shares of PLAB in report on Friday, November 11 to “Hold” rating. RBC Capital Markets initiated Photronics, Inc. (NASDAQ:PLAB) on Thursday, October 1 with “Buy” rating. 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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