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The price of Tower Semiconductor Ltd (NASDAQ: TSEM) closed at $39.88 in the last session, up 2.36% from day before closing price of $38.96. In other words, the price has increased by $2.36 from its previous closing price. On the day, 0.51 million shares were traded. TSEM stock price reached its highest trading level at $40.15 during the session, while it also had its lowest trading level at $39.26.
Ratios:
We take a closer look at TSEM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.82 and its Current Ratio is at 6.93. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
On May 10, 2024, Susquehanna Upgraded its rating to Positive which previously was Neutral and also upped its target price recommendation from $36 to $55.
On February 29, 2024, Susquehanna started tracking the stock assigning a Neutral rating and target price of $36.Susquehanna initiated its Neutral rating on February 29, 2024, with a $36 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TSEM now has a Market Capitalization of 4460418560 and an Enterprise Value of 3430671872. As of this moment, Tower’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.08, and their Forward P/E ratio for the next fiscal year is 15.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 2.338 whereas that against EBITDA is 7.379.
Stock Price History:
The Beta on a monthly basis for TSEM is 0.78, which has changed by 0.019427419 over the last 52 weeks, in comparison to a change of 0.092761636 over the same period for the S&P500. Over the past 52 weeks, TSEM has reached a high of $55.31, while it has fallen to a 52-week low of $28.64. The 50-Day Moving Average of the stock is 3.98%, while the 200-Day Moving Average is calculated to be -8.08%.
Shares Statistics:
According to the various share statistics, TSEM traded on average about 566.89K shares per day over the past 3-months and 598170 shares per day over the past 10 days. A total of 111.76M shares are outstanding, with a floating share count of 111.76M. Insiders hold about 0.00% of the company’s shares, while institutions hold 78.23% stake in the company. Shares short for TSEM as of 1748563200 were 1906714 with a Short Ratio of 3.36, compared to 1745971200 on 1924163. Therefore, it implies a Short% of Shares Outstanding of 1906714 and a Short% of Float of 1.73.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The current Payout Ratio is 0.00% for TSEM, which recently paid a dividend on 2014-06-11 with an ex-dividend date of 875059200. Stock splits for the company last occurred on 2012-08-06 when the company split stock in a 1:15 ratio.
Earnings Estimates
The current rating of Tower Semiconductor Ltd (TSEM) is the result of assessments by 4.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.55, with high estimates of $0.57 and low estimates of $0.52.
Analysts are recommending an EPS of between $2.2 and $2.06 for the fiscal current year, implying an average EPS of $2.13. EPS for the following year is $2.65, with 5.0 analysts recommending between $3.03 and $2.35.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $371.63M. It ranges from a high estimate of $372.25M to a low estimate of $370.2M. As of the current estimate, Tower Semiconductor Ltd’s year-ago sales were $351.18MFor the next quarter, 5 analysts are estimating revenue of $392.54M. There is a high estimate of $397.19M for the next quarter, whereas the lowest estimate is $389.4M.
A total of 5 analysts have provided revenue estimates for TSEM’s current fiscal year. The highest revenue estimate was $1.56B, while the lowest revenue estimate was $1.55B, resulting in an average revenue estimate of $1.55B. In the same quarter a year ago, actual revenue was $1.44BBased on 6 analysts’ estimates, the company’s revenue will be $1.73B in the next fiscal year. The high estimate is $1.78B and the low estimate is $1.65B.
