13 Cheap Stocks with Huge Upside Potential

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7. Photronics, Inc. (NASDAQ:PLAB)

Analyst Upside: 59.21%

Forward P/E: 11.55

Number of Hedge Fund Holders: 25

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).

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.

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