Tower Semiconductor Ltd. (NASDAQ:TSEM) shares traded -5.09% lower at $28.34 on Wall Street last session.
In accordance with the data, 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 $29.86, this indicates a potential upside of 15.54 percent. TSEM stock price is now -22.13% away from the 50-day moving average and -30.62% away from the 200-day moving average. The market capitalization of the company currently stands at $3.11B.
It has been rated a hold by 1 analysts and a buy by 1. 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 $6,022,000. SPHERA FUNDS MANAGEMENT LTD. invested $4,745,000 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 $4,393,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in TSEM for approximately $3,156,000. ETF MANAGERS GROUP, LLC purchased a new stake in TSEM valued at around $2,865,000 in the second quarter. In total, there are 337 active investors with 59.10% ownership of the company’s stock.
Tower Semiconductor Ltd. (NASDAQ: TSEM) opened at $29.75 on Thursday. During the past 12 months, Tower Semiconductor Ltd. has had a low of $29.40 and a high of $46.88. 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 $2.96B, which is based on a 11.44 price-to-earnings ratio, a 0.76 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for TSEM is $36.16 and a two-hundred day moving average price translates $40.79 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 $359.11M 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, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. 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 provides design enablement platform for quick and accurate 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.
