In yesterday’s Wall Street session, Tower Semiconductor Ltd. (NASDAQ:TSEM) shares traded at $40.97, up 2.78% from the previous session.
3 analysts cover Tower Semiconductor Ltd. (NASDAQ:TSEM), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $53.00 and a low of $45.00, we find $49.00. Given the previous closing price of $39.86, this indicates a potential upside of 22.93 percent. TSEM stock price is now -2.94% away from the 50-day moving average and -7.93% away from the 200-day moving average. The market capitalization of the company currently stands at $4.49B.
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The stock has received a hold rating from 3 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $49.00 as their price target over the next twelve months.
With the price target enhanced from $24 to $37.50, Credit Suisse Upgraded its rating from Neutral to Outperform for Tower Semiconductor Ltd. (NASDAQ: TSEM)., while ‘Needham’ rates the stock as ‘Buy’.
A total of 19.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TSEM stock. A new stake in Tower Semiconductor Ltd. shares was purchased by SUMITOMO MITSUI TRUST HOLDINGS, INC. during the first quarter worth $12,869,000. MAVEN SECURITIES LTD invested $10,041,000 in shares of TSEM during the first quarter. In the first quarter, ALTSHULER SHAHAM LTD acquired a new stake in Tower Semiconductor Ltd. valued at approximately $7,402,000. LMR PARTNERS LLP acquired a new stake in TSEM for approximately $4,951,000. JANE STREET GROUP, LLC purchased a new stake in TSEM valued at around $4,862,000 in the second quarter. In total, there are 321 active investors with 59.10% ownership of the company’s stock.
On Wednesday morning Tower Semiconductor Ltd. (NASDAQ: TSEM) stock kicked off with the opening price of $40.30. During the past 12 months, Tower Semiconductor Ltd. has had a low of $39.72 and a high of $49.13. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 3.90, and a quick ratio of 3.10. The fifty day moving average price for TSEM is $42.14 and a two-hundred day moving average price translates $44.47 for the stock.
The latest earnings results from Tower Semiconductor Ltd. (NASDAQ: TSEM) was released for Sep, 2022. According to the Semiconductors Company, earnings per share came in at $0.73, beating analysts’ expectations of $0.61 by 0.12. This compares to $0.37 EPS in the same period last year. The net profit margin was 15.80% and return on equity was 15.10% for TSEM. The company reported revenue of $427.09 million for the quarter, compared to $386.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.44 percent. For the current quarter, analysts expect TSEM to generate $400.67M in revenue.
Investors who held shares on 09/24/1997 were paid a $1.00 dividend.
Tower Semiconductor Ltd.(TSEM) Company Profile
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, other Asia countries, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The company also offers wafer fabrication services and design enablement platform for design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.
