PLAB → $54.00 by Jul 16, 2025.

Photronics, Inc. ($PLAB) is a global leader in the photomask industry, a critical component of semiconductor manufacturing. Photomasks serve as the templates that transfer intricate circuit patterns on silicon wafers during photolithography. Their core customers are TSMC, Intel, Samsung, UMC, and other chip foundries. With 10-15% market share, Photronics is one of the leaders of the photomask industry. Semiconductor spend in 2025 is slated to be near \~200B, approaching \~1T by 2030, which is why you see high flying valuations …