The stock of Tower Semiconductor Ltd (NASDAQ: TSEM) has increased by 14.07 when compared to last closing price of 43.10. Despite this, the company has experienced a 13.23% gain in its stock price over the last five trading sessions. reuters.com reported 2024-11-13 that Israeli contract chipmaker Tower Semiconductor forecast its fourth-quarter revenue above estimates on Wednesday, driven by a recovery in demand for its chips, and said it plans to invest $350 million to expand capacities.
Is It Worth Investing in Tower Semiconductor Ltd (NASDAQ: TSEM) Right Now?
The price-to-earnings ratio for Tower Semiconductor Ltd (NASDAQ: TSEM) is above average at 11.08x. The 36-month beta value for TSEM is also noteworthy at 0.90. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TSEM is 111.07M, and at present, short sellers hold a 0.98% of that float. The average trading volume of TSEM on November 13, 2024 was 401.32K shares.
TSEM’s Market Performance
TSEM stock saw an increase of 13.23% in the past week, with a monthly gain of 10.56% and a quarterly increase of 22.33%. The volatility ratio for the week is 5.12%, and the volatility levels for the last 30 days are 3.35% for Tower Semiconductor Ltd (TSEM). The simple moving average for the past 20 days is 11.35% for TSEM’s stock, with a 29.64% simple moving average for the past 200 days.
Analysts’ Opinion of TSEM
Many brokerage firms have already submitted their reports for TSEM stocks, with Susquehanna repeating the rating for TSEM by listing it as a “Positive.” The predicted price for TSEM in the upcoming period, according to Susquehanna is $55 based on the research report published on May 10, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see TSEM reach a price target of $36. The rating they have provided for TSEM stocks is “Neutral” according to the report published on February 29th, 2024.
The Benchmark Company gave a rating of “Buy” to TSEM, setting the target price at $35 in the report published on October 25th of the previous year.
TSEM Trading at 12.92% from the 50-Day Moving Average
After a stumble in the market that brought TSEM to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.21% of gains for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 5.12%, as shares surge +11.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.40% upper at present.
During the last 5 trading sessions, TSEM rose by +12.85%, which changed the moving average for the period of 200-days by +69.26% in comparison to the 20-day moving average, which settled at $44.15. In addition, Tower Semiconductor Ltd saw 61.09% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TSEM
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.24 for the gross margin
The net margin for Tower Semiconductor Ltd stands at 0.36. The total capital return value is set at 0.18. Equity return is now at value 21.78, with 17.98 for asset returns.
Based on Tower Semiconductor Ltd (TSEM), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 3.96. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 94.07.
Currently, EBITDA for the company is 459.28 million with net debt to EBITDA at -0.18. When we switch over and look at the enterprise to sales, we see a ratio of 3.91. The receivables turnover for the company is 8.41for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.90.
Conclusion
In summary, Tower Semiconductor Ltd (TSEM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
