Tower Semiconductor Ltd (NASDAQ:TSEM) price on Friday, April 11, rose 0.68% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $33.92.
A look at the stock’s price movement, the close in the last trading session was $33.69, moving within a range at $32.63 and $34.09. The beta value (5-Year monthly) was 0.842 while the PE ratio in trailing twelve months stood at 18.32. Turning to its 52-week performance, $55.31 and $28.64 were the 52-week high and 52-week low respectively. Overall, TSEM moved -9.33% over the past month.
Tower Semiconductor Ltd’s market cap currently stands at around $3.77 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-09.
Analysts have a consensus estimate of 358.09M for the company’s revenue for the quarter, with a low and high estimate of 358M and 358.26M respectively. The average forecast suggests up to a 9.43% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.57B, representing a 8.98% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TSEM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend TSEM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TSEM’s current price about -5.42% and -16.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.67, while 7-day volatility ratio is 11.15% and 5.78% in the 30-day chart. Further, Tower Semiconductor Ltd (TSEM) has a beta value of 0.76, and an average true range (ATR) of 2.47. Analysts have given the company’s stock an average 52-week price target of $49.5, forecast between a low of $44 and high of $55. Looking at the price targets, the low is -29.72% off current price level while to achieve the yearly target high, price needs to move -62.15%. Nonetheless, investors will most likely welcome a -45.93% jump to $49.5 which is the analysts’ median price.
If we refocus on Tower Semiconductor Ltd (NASDAQ:TSEM), historical trading data shows that trading volumes averaged 0.92 over the past 10 days and 818.50K over the past 3 months. The company’s latest data on shares outstanding shows there are 111.55 million shares.
The 0.06% of Tower Semiconductor Ltd’s shares are in the hands of company insiders while institutional holders own 76.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.44 million on 2025-03-14, giving us a short ratio of 3.12. The data shows that as of 2025-03-14 short interest in Tower Semiconductor Ltd (TSEM) stood at 222.00000000000003 of shares outstanding, with shares short rising to 1.71 million registered in 2025-02-14. Current price change has pushed the stock -34.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TSEM stock continues to rise going into the next quarter.
