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Tower Semiconductor Ltd (NASDAQ: TSEM) closed the day trading at $47.1 down -2.79% from the previous closing price of $48.45. In other words, the price has decreased by -$2.79 from its previous closing price. On the day, 0.62 million shares were traded. TSEM stock price reached its highest trading level at $47.95 during the session, while it also had its lowest trading level at $46.45.
Ratios:
For a better understanding of TSEM, let’s look at its different ratios. 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 5296771584 and an Enterprise Value of 4236243456. As of this moment, Tower’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.08, and their Forward P/E ratio for the next fiscal year is 17.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.59 while its Price-to-Book (P/B) ratio in mrq is 1.94. Its current Enterprise Value per Revenue stands at 2.888 whereas that against EBITDA is 9.112.
Stock Price History:
The Beta on a monthly basis for TSEM is 0.78, which has changed by 0.09841418 over the last 52 weeks, in comparison to a change of 0.16564083 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 10.09%, while the 200-Day Moving Average is calculated to be 7.77%.
Shares Statistics:
Over the past 3-months, TSEM traded about 615.95K shares per day on average, while over the past 10 days, TSEM traded about 797550 shares per day. 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 77.97% stake in the company. Shares short for TSEM as of 1752537600 were 1361440 with a Short Ratio of 2.34, compared to 1749772800 on 1630769. Therefore, it implies a Short% of Shares Outstanding of 1361440 and a Short% of Float of 1.24.
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 1997-09-24 with an ex-dividend date of 1997-09-24. Stock splits for the company last occurred on 2012-08-06 when the company split stock in a 1:15 ratio.
Earnings Estimates
The firm’s stock currently is rated by 4.0 analysts. 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
5 analysts predict $371.63M in revenue for the current quarter. 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 6 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.
