Analysts are on the Bearish side about Photronics, Inc. (NASDAQ:PLAB) this week.

October 13, 2017 - By Migdalia James

 Analysts are on the Bearish side about Photronics, Inc. (NASDAQ:PLAB) this week.
Investors sentiment decreased to 1.11 in 2017 Q2. Its down 0.40, from 1.51 in 2017Q1. It dropped, 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.
Meeder Asset Management Inc invested in 0% or 796 shares. Envestnet Asset Mgmt Inc stated it has 0% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Prelude Cap Management Limited Liability holds 0% or 200 shares in its portfolio. United Svcs Automobile Association owns 420,386 shares or 0.01% of their US portfolio. Barclays Public Ltd Company holds 17,857 shares or 0% of its portfolio. Guggenheim Cap Ltd Limited Liability Company holds 0.01% or 306,518 shares. State Of Wisconsin Investment Board reported 550,000 shares stake. Cornerstone Capital Ltd Liability Company accumulated 0.01% or 97,111 shares. Metropolitan Life Ins Ny invested 0% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Neuberger Berman Group Lc invested in 0% or 13,917 shares. Engineers Gate Manager Limited Partnership, New York-based fund reported 27,627 shares. Peak6 Invs Lp invested in 0% or 41,795 shares. Matarin Mngmt Ltd invested in 110,324 shares or 0% of the stock. Brandywine Glob Management holds 257,648 shares. Natl Investment Ser Wi holds 16,016 shares or 0.16% of its portfolio.

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