Tower Semiconductor Ltd (NASDAQ: TSEM) is 58.65% higher on its value in year-to-date trading and has touched a low of $22.30 and a high of $48.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TSEM stock was last observed hovering at around $43.10 in the last trading session, with the day’s gains setting it 5.32%.
Currently trading at $48.42, the stock is 9.75% and 11.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 12.34% at the moment leaves the stock 27.69% off its SMA200. TSEM registered 90.03% gain for a year compared to 6-month gain of 31.76%. The firm has a 50-day simple moving average (SMA 50) of $43.524 and a 200-day simple moving average (SMA200) of $37.92105.
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The stock witnessed a 8.88% loss in the last 1 month and extending the period to 3 months gives it a 20.48%, and is 11.52% up 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 6.23% over the week and 3.53% over the month.
Tower Semiconductor Ltd (TSEM) has around 5215 employees, a market worth around $5.38B and $1.39B in sales. Current P/E ratio is 10.92 and Fwd P/E is 21.98. Profit margin for the company is 35.58%. Distance from 52-week low is 117.13% and 0.67% from its 52-week high. The company has generated returns on investments over the last 12 months (18.63%).
The EPS is expected to shrink by -6.08% this year
The shares outstanding are 111.07M, and float is at 111.07M with Short Float at 0.98%.
The top institutional shareholder in the company is SENVEST MANAGEMENT, LLC with over 8.18 million shares valued at $321.62 million. The investor’s holdings represent 7.3815 of the TSEM Shares outstanding. As of 2024-06-30, the second largest holder is CLAL INSURANCE ENTERPRISES HOLDINGS LTD with 5.62 million shares valued at $221.22 million to account for 5.0679 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.87 million shares representing 3.4873 and valued at over $151.95 million, while HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. holds 3.3951 of the shares totaling 3.76 million with a market value of $147.93 million.
