Tower Semiconductor (TSEM) Stock Price, News & Analysis

Company Overview

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The Company also provides design enablement platform for quick and accurate design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.

Key Stats

• Today's Range: $41.59 to $42.64
• 50-Day Range: $40.55 to $46.03
• 52-Week Range: $22.30 to $46.53
• Volume: 375,670 shs
• Average Volume: 344,456 shs
• Market Capitalization: $4.65 billion
• P/E Ratio: 9.47
• Dividend Yield: N/A
• Price Target: $51.33
• Consensus Rating: Buy

Tower Semiconductor Stock Analysis - MarketRank™

Tower Semiconductor scored higher than 71% of companies evaluated by MarketBeat, and ranked 273rd out of 667 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Tower Semiconductor has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tower Semiconductor has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.20%

Earnings Growth

Earnings for Tower Semiconductor are expected to grow by 2.20% in the coming year, from $1.82 to $1.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tower Semiconductor is 9.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.25.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tower Semiconductor is 9.47, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 252.98.

Price to Book Value per Share Ratio

Tower Semiconductor has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.98% of the outstanding shares of Tower Semiconductor have been sold short.

Short Interest Ratio / Days to Cover

Tower Semiconductor has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tower Semiconductor has recently decreased by 9.17%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Tower Semiconductor does not currently pay a dividend.

Dividend Growth

Tower Semiconductor does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.98% of the outstanding shares of Tower Semiconductor have been sold short.

Short Interest Ratio / Days to Cover

Tower Semiconductor has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tower Semiconductor has recently decreased by 9.17%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.74

News Sentiment

Tower Semiconductor has a news sentiment score of 1.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Tower Semiconductor this week, compared to 3 articles on an average week.

Search Interest

8 people have searched for TSEM on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

5 people have added Tower Semiconductor to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tower Semiconductor insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Tower Semiconductor is held by insiders.

Percentage Held by Institutions

70.51% of the stock of Tower Semiconductor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TSEM Stock Analysis - Frequently Asked Questions

How have TSEM shares performed this year?

Tower Semiconductor's stock was trading at $30.52 at the beginning of 2024. Since then, TSEM shares have increased by 37.4% and is now trading at $41.94.
View the best growth stocks for 2024 here.

How were Tower Semiconductor's earnings last quarter?

Tower Semiconductor Ltd. (NASDAQ:TSEM) released its quarterly earnings data on Wednesday, July, 26th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The company's revenue was down 16.2% on a year-over-year basis.

Who are Tower Semiconductor's major shareholders?

Top institutional shareholders of Tower Semiconductor include Meitav Investment House Ltd. (2.31%), Assenagon Asset Management S.A. (0.23%), Artemis Investment Management LLP (0.20%) and Essex Investment Management Co. LLC (0.16%).

How do I buy shares of Tower Semiconductor?

Shares of TSEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tower Semiconductor own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tower Semiconductor investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX) and Alibaba Group (BABA).

Company Calendar

• Last Earnings: 7/26/2023
• Today: 11/02/2024
• Next Earnings (Confirmed): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:TSEM
• CUSIP: N/A
• CIK: 928876
• Web: www.towerjazz.com
• Phone: 972-4650-6109
• Fax: 972-4654-7788
• Employees: 5,215
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $51.33
• High Stock Price Target: $55.00
• Low Stock Price Target: $44.00
• Potential Upside/Downside: +22.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.43
• Trailing P/E Ratio: 9.47
• Forward P/E Ratio: 23.04
• P/E Growth: N/A
• Net Income: $518.49 million
• Net Margins: 35.58%
• Pretax Margin: 38.52%
• Return on Equity: 8.33%
• Return on Assets: 6.95%

Debt

• Debt-to-Equity Ratio: 0.05
• Current Ratio: 5.90
• Quick Ratio: 4.94

Sales & Book Value

• Annual Sales: $1.42 billion
• Price / Sales: 3.27
• Cash Flow: $4.31 per share
• Price / Cash Flow: 9.74
• Book Value: $21.90 per share
• Price / Book: 1.92

Miscellaneous

• Outstanding Shares: 110,820,000
• Free Float: 109,717,000
• Market Cap: $4.65 billion
• Optionable: Optionable
• Beta: 0.90