American International Group Inc. Reduces Position in Ultratech, Inc. (NASDAQ:UTEK)

It is now trading at $9.50 marginally under $9.84, the stock's 50 day moving average and a great deal lower than the 200 day moving average of $10.63. Punch & Associates Investment Management Inc. now owns 485,791 shares of the semiconductor company's stock valued at $5,198,000 after buying an additional 7,743 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Photronics by 39.0% in the first quarter. Renaissance Technologies LLC controls 2,023,000 shares valued at $19,016,000.

American International Group Inc. lowered its position in Ultratech, Inc. The business had revenue of $108.30 million during the quarter, compared to analysts' expectations of $111.16 million. During the same period in the prior year, the business earned $0.13 EPS. Photronics's revenue for the quarter was down 11.9% on a year-over-year basis. Virginia Retirement Systems ET AL purchased a new position in shares of Photronics during the first quarter valued at about $215,000. Accern also gave news headlines about the semiconductor company an impact score of 46.2419318735827 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. Equities analysts predict that Photronics, Inc. will post $0.28 EPS for the current fiscal year.

Photronics, Inc. (NASDAQ:PLAB) was upgraded by stock analysts at BidaskClub from a "sell" rating to a "hold" rating in a research note issued to investors on Tuesday, July 18th. If you are accessing this article on another website, it was illegally copied and republished in violation of USA and global copyright and trademark law. Photronics now has an average rating of "Hold" and an average price target of $12.83. Renaissance Technologies LLC bolstered its position by buying 23,200 shares an increase of 1.2% in the quarter. Zacks Investment Research downgraded Photronics from a hold rating to a sell rating in a research note on Friday, May 19th. Princeton Alpha Management LP now owns 15,950 shares of the semiconductor company's stock valued at $171,000 after buying an additional 3,105 shares during the period. The original version of this piece can be read at https://www.themarketsdaily.com/2017/08/13/photronics-inc-nasdaqplab-shares-bought-by-metropolitan-life-insurance-co-ny.html. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Finally, ValuEngine upgraded Photronics from a "sell" rating to a "hold" rating in a research note on Friday, June 2nd.

In related news, VP Christopher J. Progler sold 4,000 shares of the company's stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $10.05, for a total value of $40,200.00. Following the transaction, the vice president now owns 78,900 shares in the company, valued at $792,945. (NASDAQ:UTEK) by 17.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 97.86% of the company's stock.

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

Several hedge funds and other institutional investors have recently modified their holdings of PLAB. 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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