Latest news with #Photronics
Yahoo
3 days ago
- Business
- Yahoo
Photronics Extends Capability with the First Installation of a Merchant Multi-beam Mask Writer in the United States
BROOKFIELD, Conn., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced the installation of a new multi-beam tool in its facility in Boise, Idaho expanding Photronics technological leadership. 'This installation marks the first multi-beam writer in production for the merchant market in the U.S. extending Photronics leadership in support of U.S. Government Trusted and commercial advanced photomask applications in the U.S. and globally,' said CEO George Macricostas. 'The multibeam tool leverages a massively parallel writing engine to deliver unprecedented speed and performance for U.S. built merchant photomask products. We look forward to collaborating with our customers to deploy this capability to improve their time to market and end-product IC performance. Photronics continues to build on our U.S. based flagship IC technology center to enhance capabilities of the only U.S. based high end mask merchant facility.' Added CTO Chris Progler, 'In addition to writing speed, the multi-beam platform enables highly complex IC mask shapes to be written such as those found in critical curvilinear style designs. By enabling production of these new IC design forms, it creates opportunities for our U.S. and global customers to deliver higher performing IC products faster. This multibeam system is also capable to write the finest resolution EUV and nanoimprint masks allowing Photronics to directly support the most advanced U.S. photomask masks needs from our U.S. based technology center. We are engaged with multiple customers now to pilot and qualify this unique U.S. merchant capability.' 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@ 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
6 days ago
- Business
- Yahoo
The Heartland Investment Team Highlights Strong Balance Sheet of Photronics (PLAB)
Photronics, Inc. (NASDAQ:PLAB) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. The Heartland Investment Team, while releasing their investor letter for Heartland Value Fund Q2 2025, highlighted Photronics, Inc. (NASDAQ:PLAB)'s strong balance sheet with minimal debt. Notably, the company's cash, cash equivalents, and short-term investments at the end of Q2 2025 came in at $558.4 million. An engineer manipulating a complex circuit board that will be used in flat panel displays. Furthermore, the investment firm opines that Photronics, Inc. (NASDAQ:PLAB)'s work with leading-edge applications, driven primarily by AI, is robust. The trailing-edge technologies associated with consumer electronics, industrial, and autos were mired in a downcycle. However, these end markets continue to show some early signs of a recovery. Elsewhere, the company reported its financial results for Q2 2025, with node migration continuing to act as a positive driver of the company's IC business at both the high end and the higher end of mainstream. During Q2 2025, Photronics, Inc. (NASDAQ:PLAB) generated $31 million in operating cash flow, representing 15% of the total revenue. CapEx came in at $61 million, which included its planned expansion in the US. The company is on track to spend $200 million in CapEx in FY 2025 towards capacity, capability, and end-of-life tool initiatives. 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: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-07-2025
- 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.
