Heartland Advisors released its second quarter 2025 investor letter for the “Heartland Value Fund,” which outperformed the Russell 2000 Value Index with a 8.85% return. Stock selection drove outperformance, particularly in Energy, Consumer Discretionary, Utilities, and Financials. The fund’s top 5 holdings for 2025 are available for review.

Photronics, Inc. (NASDAQ: PLAB), a photomask products and services company, was highlighted in the Heartland Value Fund’s second quarter 2025 investor letter. With a one-month return of 4.45%, PLAB’s stock closed at $19.49 per share on July 11, 2025, with a market capitalization of $1.172 billion.

Photronics, Inc. (PLAB) is the largest merchant photomask manufacturer globally with a strong balance sheet and a market capitalization of $1.1 billion. While PLAB offers potential as an investment, other AI stocks may present greater upside potential with less downside risk.

In another article, Photronics, Inc. (PLAB) is listed among cheap stocks with significant upside potential. For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q2 2025 page on Insider Monkey’s website.

Read more at Yahoo Finance: Here’s Heartland Value Fund’s Comment on Photronics (PLAB)