In yesterday’s Wall Street session, Tower Semiconductor Ltd. (NASDAQ:TSEM) shares traded at $30.48, up 1.03% from the previous session.
As of this writing, 2 analysts cover Tower Semiconductor Ltd. (NASDAQ:TSEM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $31.00, we find $34.50. Given the previous closing price of $30.17, this indicates a potential upside of 14.35 percent. TSEM stock price is now -18.11% away from the 50-day moving average and -25.90% away from the 200-day moving average. The market capitalization of the company currently stands at $3.40B.
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There are 1 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $34.50 as their price target over the next twelve months.
With the price target reduced from $53 to $38, Craig Hallum Upgraded its rating from Hold to Buy for Tower Semiconductor Ltd. (NASDAQ: TSEM).
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 FIFTH LANE CAPITAL, LP during the first quarter worth $6,477,000. SPHERA FUNDS MANAGEMENT LTD. invested $5,104,000 in shares of TSEM during the first quarter. In the first quarter, KEPOS CAPITAL LP acquired a new stake in Tower Semiconductor Ltd. valued at approximately $4,724,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in TSEM for approximately $3,394,000. ETF MANAGERS GROUP, LLC purchased a new stake in TSEM valued at around $3,082,000 in the second quarter. In total, there are 337 active investors with 59.10% ownership of the company’s stock.
Thursday morning saw Tower Semiconductor Ltd. (NASDAQ: TSEM) opened at $30.26. During the past 12 months, Tower Semiconductor Ltd. has had a low of $29.80 and a high of $47.62. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 4.80, and a quick ratio of 3.70. According to the stock market information, the enterprise value for the company is $3.15B, which is based on a 12.30 price-to-earnings ratio, a 0.82 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for TSEM is $37.07 and a two-hundred day moving average price translates $41.07 for the stock.
The latest earnings results from Tower Semiconductor Ltd. (NASDAQ: TSEM) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $0.45, missing analysts’ expectations of $0.49 by -0.04. This compares to $0.53 EPS in the same period last year. The net profit margin was 17.80% and return on equity was 14.40% for TSEM. The company reported revenue of $357.19 million for the quarter, compared to $426.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.19 percent. For the current quarter, analysts expect TSEM to generate $359.17M in revenue.
Investors who held shares on 09/24/1997 were paid a $1.00 dividend.
