Latest news with #Photronics
Yahoo
6 days ago
- Business
- Yahoo
Here's Heartland Value Fund's Comment on Photronics (PLAB)
Heartland Advisors, an investment management company, released its 'Heartland Value Fund' second quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 8.85%, compared to the 4.97% return for the Russell 2000 Value Index. The fund outperformed the benchmark over the past 1, 3, 5, and 10 years since inception. Over the past three months, stock selection accounted for almost all of the outperformance, specifically strong in Energy, Consumer Discretionary, Utilities, and Financials. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Heartland Value Fund highlighted stocks such as Photronics, Inc. (NASDAQ:PLAB). Based in Brookfield, Connecticut, Photronics, Inc. (NASDAQ:PLAB) engages in the business of photomask products and services. The one-month return of Photronics, Inc. (NASDAQ:PLAB) was 4.45%, and its shares lost 27.57% of their value over the last 52 weeks. On July 11, 2025, Photronics, Inc. (NASDAQ:PLAB) stock closed at $19.49 per share with a market capitalization of $1.172 billion. Heartland Value Fund stated the following regarding Photronics, Inc. (NASDAQ:PLAB) in its second quarter 2025 investor letter: "Photronics, Inc. (NASDAQ:PLAB) is a perfect example of common misconceptions surrounding small stocks. PLAB makes photomasks used to transfer circuit patterns onto semiconductor wafers during the fabrication process, operating manufacturing facilities globally. The company's modest $1.1 billion market capitalization belies the fact that it is the largest merchant photomask manufacturer in the world. Plus their solid balance sheet, over $550 million in cash and cash equivalents, with minimal debt provides a strong ballast. An engineer manipulating a complex circuit board that will be used in flat panel displays. Photronics, Inc. (NASDAQ:PLAB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Photronics, Inc. (NASDAQ:PLAB) at the end of the first quarter, which was 23 in the previous quarter. Photronics, Inc. (NASDAQ:PLAB) reported first-quarter revenue of $211 million, flat sequentially and down 3% year over year. While we acknowledge the potential of PLAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Photronics, Inc. (NASDAQ:PLAB) and shared the list of cheap stocks with huge upside potential. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-07-2025
- Business
- Yahoo
Craig-Hallum Remains Bullish on Photronics (PLAB)
Photronics, Inc. (NASDAQ:PLAB) is one of the best cheap stocks with huge upside potential. In a report released on July 1, Christian Schwab from Craig-Hallum maintained a Buy rating on Photronics, Inc. (NASDAQ:PLAB). An engineer manipulating a complex circuit board that will be used in flat panel displays. The company also recently announced a transition in leadership, with Dr. Frank Lee stepping down from his role as the company's CEO while retaining his position as Chairman and President of Photronics' PDMC subsidiary in Taiwan. Mr. George Macricostas took the role of the new CEO of Photronics, Inc. (NASDAQ:PLAB) while remaining Chairman of the Board. The company reported $211.0 million in revenue in fiscal Q2 2025, down 3% year-over-year and 1% sequentially. Photronics, Inc. (NASDAQ:PLAB) expects revenue for fiscal Q3 to be in the $200 million and $208 million range, and net income attributable to shareholders to be between $0.35 and $0.41 per diluted share. Photronics, Inc. (NASDAQ:PLAB) provides photomasks, which are glass or quartz plates with microscopic images of electronic circuits and are used for the fabrication of flat-panel displays and integrated circuits. While we acknowledge the potential of PLAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
05-07-2025
- Business
- Business Insider
Craig-Hallum Sticks to Their Buy Rating for Photronics (PLAB)
In a report released on July 1, Christian Schwab from Craig-Hallum maintained a Buy rating on Photronics. The company's shares closed last Thursday at $20.26. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Schwab covers the Technology sector, focusing on stocks such as Marvell, Adtran, and PDF Solutions. According to TipRanks, Schwab has an average return of 13.2% and a 58.04% success rate on recommended stocks. Photronics has an analyst consensus of Moderate Buy, with a price target consensus of $30.00. Based on Photronics' latest earnings release for the quarter ending May 4, the company reported a quarterly revenue of $210.99 million and a net profit of $8.86 million. In comparison, last year the company earned a revenue of $217 million and had a net profit of $36.25 million Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLAB in relation to earlier this year. Earlier this month, Constantine Macricostas, a Director at PLAB sold 29,500.00 shares for a total of $595,900.00.
Yahoo
19-06-2025
- Business
- Yahoo
Photronics Receives Outstanding Contribution Award from Visionox
BROOKFIELD, Conn., June 19, 2025 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, received the Outstanding Contribution award from Visionox at its recent supply chain seminar. The Outstanding Contribution award is the highest level of achievement awarded by Visionox and demonstrates Photronics dedication to customer excellence. 'Visionox is a long-standing Flat Panel Display customer of Photronics,' said HK Park, General Manager FPD Asia. 'This award from Visionox demonstrates the premier economic value and customer support we provide in terms of delivery, quality and local service support. We are proud to once again be recognized by Visionox for our outstanding execution.' About Photronics Photronics is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks. High precision quartz plates that contain microscopic images of electronic circuits, photomasks are a key element in the IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 56 years. The company operates 11 strategically located manufacturing facilities in Asia, Europe, and North America. Additional information can be accessed at For Further Information:Ted MoreauVP, Investor Relations469.395.8175tmoreau@
Yahoo
09-06-2025
- Business
- Yahoo
Photronics, Inc. (PLAB): A Bull Case Theory
We came across a bullish thesis on Photronics, Inc. (PLAB) on Enterprising Investor's Substack by Tyler Moody. In this article, we will summarize the bulls' thesis on PLAB. Photronics, Inc. (PLAB)'s share was trading at $18.11 as of 6th June. PLAB's trailing P/E was 9.38 according to Yahoo Finance. A close-up of a semiconductor component, highlighting its complex design. Photronics (PLAB) appears to be an overlooked semiconductor name trading at a compelling valuation, particularly on a free cash flow basis. The company, which manufactures photolithography masks essential to integrated circuit and flat panel display production, is down nearly 50% from early 2024 highs and 24% year-to-date, now trading at a $1.14B market cap. With 11 manufacturing sites globally and 85% of sales coming from outside the U.S.—notably 33% from Taiwan and 25% from China—PLAB is a global player with geographic risk exposure. Much of the recent investor pessimism stems from its China exposure amid trade tensions, and from the nature of mask demand itself, which depends on new chip designs rather than chip volume. Slower product rollouts have thus dampened near-term growth, and weak demand in auto and industrial end markets hasn't helped. However, the emerging wave of AI-enabled chips could fuel a surge in new designs, providing a tailwind for PLAB over the next year. Photronics has been strategically shifting toward higher-end masks with better margins, and despite recent cyclical weakness, it remains fundamentally solid. It has $558M in cash and no debt, which supports resilience through industry downturns. Over the last three years, PLAB averaged $154M in free cash flow, putting its FCF multiple at just 7.4x—an attractive level for value-focused investors. While it doesn't pay a dividend, it has actively repurchased shares, buying back $77M worth over the past year. Though uncertainties remain, the setup suggests a classic cyclical value opportunity with upside potential as demand normalizes. Previously, we covered a on Monro (MNRO) by the same author, highlighting its depressed valuation, high yield, and potential for recovery despite ongoing consumer weakness. With an 8.75% dividend yield, low debt, and cheap FCF and book multiples, Monro's stock since then has appreciated by approximately 28%. Photronics (PLAB) presents a similarly contrarian setup: a debt-free, cash-rich semiconductor supplier trading at 7.4x FCF, positioned to benefit from a rebound in AI-driven chip design. Both offer value upside, but with different risk-reward profiles. Photronics, Inc. (PLAB) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held PLAB at the end of the first quarter which was 23 in the previous quarter. While we acknowledge the risk and potential of PLAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
