Tower Semiconductor Ltd. (NASDAQ: TSEM) is -5.69% lower on its value in year-to-date trading and has touched a low of $39.72 and a high of $49.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TSEM stock was last observed hovering at around $41.00 in the last trading session, with the day’s loss setting it -0.26% off its average median price target of $49.00 for the next 12 months. It is also 23.13% off the consensus price target high of $53.00 offered by 3 analysts, but current levels are 9.47% higher than the price target low of $45.00 for the same period.
Currently trading at $40.74, the stock is 0.09% and -2.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.66 million and changing -0.63% at the moment leaves the stock -8.17% off its SMA200. TSEM registered -13.58% loss for a year compared to 6-month loss of -10.05%.
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The stock witnessed a -0.20% gain in the last 1 month and extending the period to 3 months gives it a -11.36%, and is -0.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.16% over the week and 1.37% over the month.
Tower Semiconductor Ltd. (TSEM) has around 5887 employees, a market worth around $4.48B and $1.68B in sales. Current P/E ratio is 17.05 and Fwd P/E is 15.49. Profit margin for the company is 15.80%. Distance from 52-week low is 2.57% and -17.08% from its 52-week high. The company has generated returns on investments over the last 12 months (13.20%).
Tower Semiconductor Ltd. (TSEM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tower Semiconductor Ltd. (TSEM) is a “Hold”. 3 analysts offering their recommendations for the stock have an average rating of 3.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Tower Semiconductor Ltd. is expected to release its quarterly report on 05/17/2023.The EPS is expected to grow by 74.80% this year
Tower Semiconductor Ltd. (TSEM) Top Institutional Holders
The shares outstanding are 109.90M, and float is at 109.23M with Short Float at 0.66%.
Tower Semiconductor Ltd. (TSEM): Who are the competitors?
The company’s main competitors (and peers) include Texas Instruments Incorporated (TXN) that is trading 4.60% up over the past 12 months and ON Semiconductor Corporation (ON) that is 44.69% higher over the same period. Teledyne Technologies Incorporated (TDY) is -3.14% down on the 1-year trading charts.
