Hunt Companies Finance Trust, Inc. (HCFT) Reaches $3.30 After 6.00% Down Move; Needham Investment Management Has Boosted By $1.08 Million Its Photronics (PLAB) Position

June 14, 2018 - By Clifton Ray

Photronics, Inc. (NASDAQ:PLAB) Logo

Needham Investment Management Llc increased Photronics Inc (PLAB) stake by 32.81% reported in 2018Q1 SEC filing. Needham Investment Management Llc acquired 135,416 shares as Photronics Inc (PLAB)’s stock rose 14.91%. The Needham Investment Management Llc holds 548,166 shares with $4.52M value, up from 412,750 last quarter. Photronics Inc now has $585.70 million valuation. The stock decreased 0.89% or $0.075 during the last trading session, reaching $8.375. About 131,565 shares traded. Photronics, Inc. (NASDAQ:PLAB) has declined 7.50% since June 14, 2017 and is downtrending. It has underperformed by 20.07% the S&P500. Some Historical PLAB News: ; 22/05/2018 – Photronics Sees 3Q Rev $128M-$136M; 29/03/2018 – Photronics to Host Analyst and Investor Event in New York City; 22/05/2018 – Photronics 2Q EPS 15c; 22/05/2018 – Photronics Closes Above 200-Day Moving Average: Technicals; 23/03/2018 Photronics Closes Below 50-Day Moving Average: Technicals; 22/05/2018 – Photronics 2Q Rev $130.8M; 17/05/2018 – Photronics Closes Above 50-Day Moving Average: Technicals; 23/04/2018 – DJ Photronics Inc, Inst Holders, 1Q 2018 (PLAB); 22/05/2018 – Photronics Sees 3Q EPS 12c-EPS 18c

The stock of Hunt Companies Finance Trust, Inc. (NYSE:HCFT) is a huge mover today! The stock decreased 2.15% or $0.07 during the last trading session, reaching $3.3. About 89,404 shares traded. Hunt Companies Finance Trust, Inc. (NYSE:HCFT) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.The move comes after 7 months negative chart setup for the $78.10M company. It was reported on Jun, 14 by Barchart.com. We have $3.10 PT which if reached, will make NYSE:HCFT worth $4.69 million less.

Investors sentiment increased to 1.34 in 2018 Q1. Its up 0.26, from 1.08 in 2017Q4. It is positive, as 10 investors sold PLAB shares while 49 reduced holdings. 23 funds opened positions while 56 raised stakes. 63.81 million shares or 3.64% less from 66.22 million shares in 2017Q4 were reported. Rhumbline Advisers reported 0% in Photronics, Inc. (NASDAQ:PLAB). Icon Advisers Inc holds 0.03% or 47,300 shares. State Of Wisconsin Invest Board has invested 0.01% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). State Teachers Retirement Systems invested in 0% or 35,491 shares. Donald Smith And Communication invested in 4.49 million shares or 0.99% of the stock. Moreover, Wellington Mngmt Grp Llp has 0% invested in Photronics, Inc. (NASDAQ:PLAB) for 64,376 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Photronics, Inc. (NASDAQ:PLAB). Great West Life Assurance Can invested in 0% or 96,817 shares. 1.87M are owned by Northern Trust. Tennessee-based State Of Tennessee Treasury Department has invested 0% in Photronics, Inc. (NASDAQ:PLAB). Moreover, Barclays Public Ltd Co has 0% invested in Photronics, Inc. (NASDAQ:PLAB) for 41,069 shares. Prelude Mgmt Limited Co accumulated 16,162 shares. Emerald Mutual Fund Advisers Tru owns 10,095 shares. Pacific Ridge Partners Lc owns 164,510 shares or 0.36% of their US portfolio. California State Teachers Retirement Sys reported 0% in Photronics, Inc. (NASDAQ:PLAB).

More notable recent Photronics, Inc. (NASDAQ:PLAB) news were published by: Globenewswire.com which released: “Photronics Receives Supplier Award from Nanya Technology” on June 11, 2018, also Nasdaq.com with their article: “Report: Exploring Fundamental Drivers Behind Marten Transport, Photronics, Cray, Rockwell Automation, Groupon …” published on June 11, 2018, Globenewswire.com published: “Detailed Research: Economic Perspectives on CarGurus, ArcelorMittal, Capricor Therapeutics, B&G Foods, Ionis …” on June 13, 2018. More interesting news about Photronics, Inc. (NASDAQ:PLAB) were released by: Globenewswire.com and their article: “Photronics Reports Second Quarter Fiscal 2018 Results” published on May 22, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Mixed; AutoZone Profit Beats Expectations” with publication date: May 22, 2018.

Since January 2, 2018, it had 1 insider buy, and 16 selling transactions for $4.22 million activity. On Friday, January 26 the insider TYSON MITCHELL G sold $8,840. On Friday, February 16 MACRICOSTAS CONSTANTINE S sold $3.09M worth of Photronics, Inc. (NASDAQ:PLAB) or 400,000 shares. KIRLIN PETER S sold $9,688 worth of stock or 1,250 shares. Shares for $16,336 were sold by Burr Richelle E on Wednesday, April 25. FIEDEROWICZ WALTER M sold $49,590 worth of stock or 6,000 shares. Another trade for 1,000 shares valued at $8,500 was bought by JORDAN JOHN P. The insider Progler Christopher J sold 2,500 shares worth $19,125.

Among 7 analysts covering Photronics (NASDAQ:PLAB), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Photronics had 11 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was initiated by SunTrust with “Buy” on Thursday, October 1. As per Monday, September 18, the company rating was maintained by Needham. The firm has “Buy” rating by Needham given on Friday, December 4. Stifel Nicolaus maintained Photronics, Inc. (NASDAQ:PLAB) on Wednesday, May 23 with “Hold” rating. The firm earned “Buy” rating on Thursday, October 1 by RBC Capital Markets. The firm earned “Hold” rating on Friday, November 11 by Needham. Stifel Nicolaus downgraded Photronics, Inc. (NASDAQ:PLAB) on Friday, November 11 to “Hold” rating. The stock of Photronics, Inc. (NASDAQ:PLAB) has “Buy” rating given on Friday, February 12 by Needham. The firm has “Buy” rating by Suntrust Robinson given on Thursday, October 1.

Needham Investment Management Llc decreased Pure Storage Inc stake by 154,000 shares to 120,000 valued at $2.39M in 2018Q1. It also reduced Viasat Inc (NASDAQ:VSAT) stake by 7,500 shares and now owns 229,225 shares. Entegris Inc (NASDAQ:ENTG) was reduced too.

Photronics, Inc. (NASDAQ:PLAB) Institutional Positions Chart

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