Tower Semiconductor Ltd (NASDAQ:TSEM) currently has a daily average trading volume of 590.00K but it saw 1581641 shares traded in last market. With a market cap of 5.47B USD, the company’s current market price of $48.94 came rising about 7.23 while comparing to the previous closing price of $45.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.31 and as low as $28.64. In the recent trading on the day, stock has struck highest price mark of $46.1 while lowest mark touched by it was $50.48.
Susquehanna upgraded its recommendation for the stock as a “Positive” from “Neutral” on May 10, 2024 while assigning a price target range of $36-$55. Susquehanna also issued its recommendations for the stock as it initiated the price target for the stock is $36.
Over the week, TSEM’s stock price is moving 9.12% up while it is 21.17% when we observe its performance for the past one month. Year-to-date it is 16.58% up and over the past year, the stock is showing a downside performance of -4.99%.
The company is expected to be releasing its next quarterly report on 2025-May-14, for which analysts forecasted an EPS of 0.46 while estimate for next year EPS is 2.13. In next quarter, company is expected to be making quarterly sales of $392.54M as analysts are expecting the sales for current fiscal year at $1.55B and seeing the company making $1.73B in sales next year. Moreover, analysts are in estimates of $371.63M for current-quarter revenue.
Currently, Tower Semiconductor Ltd’s total number of outstanding shares is 111.76M with 0.00% of that held by the insiders while 73.46% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.17% and return on equity (ROE) at 7.88%. It has a price to earnings ratio (P/E ratio) of 27.10 while having a 18.56 of forward P/E ratio. Stock’s beta reads 0.77. Stock has a price to book (P/B) ratio of 2.01 while price to sale or P/S ratio amounts to 3.73. Its return on asset (ROA) is 6.68% on average.
