In the latest session, Tower Semiconductor Ltd. (NASDAQ: TSEM) closed at $31.39 down -2.85% from its previous closing price of $32.31. In other words, the price has decreased by -$0.92 from its previous closing price. On the day, 559737 shares were traded.
Ratios:
For a deeper understanding of Tower Semiconductor Ltd.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.26. For the most recent quarter (mrq), Quick Ratio is recorded 5.15 and its Current Ratio is at 6.17. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Susquehanna on February 29, 2024, initiated with a Neutral rating and assigned the stock a target price of $36.
On October 25, 2023, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $35.
Craig Hallum Upgraded its Hold to Buy on August 17, 2023, whereas the target price for the stock was revised from $53 to $38.
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 3.67B and an Enterprise Value of 3.45B. As of this moment, Tower’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.73, and their Forward P/E ratio for the next fiscal year is 13.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.40 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 2.43 whereas that against EBITDA is 7.52.
Stock Price History:
Over the past 52 weeks, TSEM has reached a high of $45.87, while it has fallen to a 52-week low of $21.43. The 50-Day Moving Average of the stock is 30.76, while the 200-Day Moving Average is calculated to be 30.77.
Shares Statistics:
For the past three months, TSEM has traded an average of 757.44K shares per day and 657.67k over the past ten days. A total of 110.83M shares are outstanding, with a floating share count of 108.88M. Insiders hold about 0.00% of the company’s shares, while institutions hold 73.78% stake in the company. Shares short for TSEM as of Feb 15, 2024 were 551.15k with a Short Ratio of 0.73, compared to 1.51M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.50% and a Short% of Float of 0.51%.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.4 for the current quarter, with a high estimate of $0.44 and a low estimate of $0.36, while EPS last year was $0.36. The consensus estimate for the next quarter is $0.43, with high estimates of $0.48 and low estimates of $0.38.
Analysts are recommending an EPS of between $2.12 and $1.67 for the fiscal current year, implying an average EPS of $1.94. EPS for the following year is $2.32, with 4 analysts recommending between $2.63 and $1.8.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $324.52M this quarter.It ranges from a high estimate of $325M to a low estimate of $323.6M. As of the current estimate, Tower Semiconductor Ltd.’s year-ago sales were $355.61M, an estimated decrease of -8.70% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $337.44M, a decrease of -5.50% over than the figure of -$8.70% in the same quarter last year. There is a high estimate of $340.4M for the next quarter, whereas the lowest estimate is $334M.
A total of 5 analysts have provided revenue estimates for TSEM’s current fiscal year. The highest revenue estimate was $1.46B, while the lowest revenue estimate was $1.41B, resulting in an average revenue estimate of $1.43B. In the same quarter a year ago, actual revenue was $1.42B, up 0.30% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.6B in the next fiscal year. The high estimate is $1.72B and the low estimate is $1.5B. The average revenue growth estimate for next year is up 12.20% from the average revenue estimate for this year.
