Tower Semiconductor Ltd (NASDAQ: TSEM) is -11.61% lower on its value in year-to-date trading and has touched a low of $28.37 and a high of $55.31 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 $45.78 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $45.53, the stock is -8.43% and -9.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -0.55% at the moment leaves the stock 5.31% off its SMA200. TSEM registered 54.81% gain for a year compared to 6-month gain of 19.60%. The firm has a 50-day simple moving average (SMA 50) of $50.3406 and a 200-day simple moving average (SMA200) of $43.1664.
The stock witnessed a -9.93% loss in the last 1 month and extending the period to 3 months gives it a -0.76%, and is -9.34% 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 4.54% over the week and 4.11% over the month.
Tower Semiconductor Ltd (TSEM) has around 5215 employees, a market worth around $5.06B and $1.44B in sales. Current P/E ratio is 24.57 and Fwd P/E is 17.48. Profit margin for the company is 14.47%. Distance from 52-week low is 60.49% and -17.68% from its 52-week high. The company has generated returns on investments over the last 12 months (7.50%).
with sales reaching $358.09M over the same period.The EPS is expected to shrink by -3.56% this year, but quarterly earnings will post 9.22% year-over-year. Quarterly sales are estimated to grow 9.43% in year-over-year returns.
The shares outstanding are 111.07M, and float is at 111.01M with Short Float at 1.07%.
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.
