Professional
Added to YB: 2026-07-23
Pitch date: 2026-06-30
PLAB [neutral]
Photronics, Inc.
+0.45%
current return
Author Info
No bio for this author
Company Info
Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally.
Market Cap
$1.8B
Pitch Price
$31.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.98
P/E
11.49
EV/Sales
1.93
Sector
Semiconductors and Semiconductor Equipment
Category
value
Heartland Value Fund Portfolio Holding: Photronics, Inc.
PLAB (trimmed position): Largest merchant photomask maker (~40% of outsourced mkt; 60% made in-house). Trimmed after 2x rally on AI mania hitting PT, then stock fell 40%+. Capex 10-20% of sales = entry barrier. Leading-edge (AI) demand robust, trailing-edge rebounding. 16x fwd P/E (10.4x ex-cash), $10.85 net cash/share, discount to peers.
Read full article (2 min)