Should I buy or sell Tower Semiconductor stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tower Semiconductor in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TSEM shares. View TSEM analyst ratings or view top-rated stocks .

What is Tower Semiconductor's stock price target for 2024?

3 brokerages have issued 12 month target prices for Tower Semiconductor's shares. Their TSEM share price targets range from $35.00 to $38.00. On average, they predict the company's stock price to reach $36.33 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View analysts price targets for TSEM or view top-rated stocks among Wall Street analysts .

How have TSEM shares performed in 2024?

Tower Semiconductor's stock was trading at $30.52 at the beginning of 2024. Since then, TSEM stock has increased by 1.7% and is now trading at $31.03. View the best growth stocks for 2024 here .

Are investors shorting Tower Semiconductor?

Tower Semiconductor saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 722,900 shares, an increase of 27.0% from the March 15th total of 569,000 shares. Based on an average trading volume of 669,700 shares, the short-interest ratio is presently 1.1 days. View Tower Semiconductor's Short Interest .

When is Tower Semiconductor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our TSEM earnings forecast .

How were Tower Semiconductor's earnings last quarter?

Tower Semiconductor Ltd. (NASDAQ:TSEM) announced its earnings results on Wednesday, February, 14th. The semiconductor company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The semiconductor company earned $351.71 million during the quarter, compared to the consensus estimate of $350 million. Tower Semiconductor had a trailing twelve-month return on equity of 9.33% and a net margin of 36.44%.

What ETFs hold Tower Semiconductor's stock?

ETFs with the largest weight of Tower Semiconductor (NASDAQ:TSEM) stock in their portfolio include ProShares Nanotechnology ETF (TINY) , ProShares S&P Kensho Smart Factories ETF (MAKX) , Amplify BlueStar Israel Technology ETF (ITEQ) , ARK Israel Innovative Technology ETF (IZRL) , Formidable ETF (FORH) , VanEck Israel ETF (ISRA) , Defiance Quantum ETF (QTUM) and Columbia Seligman Semiconductor and Technology ETF (SEMI) .

What guidance has Tower Semiconductor issued on next quarter's earnings?

Tower Semiconductor updated its first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $308.8 million-$341.3 million, compared to the consensus revenue estimate of $325.1 million.

What other stocks do shareholders of Tower Semiconductor own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tower Semiconductor investors own include Micron Technology (MU) , Alibaba Group (BABA) , Northern Tier Energy (NTI) , Advanced Micro Devices (AMD) , QUALCOMM (QCOM) , Intel (INTC) , NVIDIA (NVDA) , VASCO Data Security International (VDSI) , Marvell Technology (MRVL) and Onsemi (ON) .

Who are Tower Semiconductor's major shareholders?

Tower Semiconductor's stock is owned by a number of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%) and DGS Capital Management LLC (0.01%).

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 .

NASDAQ:TSEM

Tower Semiconductor (TSEM) Stock Price, News & Analysis

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Free TSEM Stock Alerts

$31.03

-0.55 (-1.74%)

(As of 04/15/2024 ET)

Compare

Today's Range: $30.74
▼
$32.02
50-Day Range: $28.63
▼
$34.48
52-Week Range: $21.43
▼
$45.87

Volume: 566,447 shs
Average Volume: 676,834 shs
Market Capitalization: $3.39 billion

P/E Ratio: 6.67
Dividend Yield: N/A
Price Target: $36.33

Get Tower Semiconductor alerts:

Tower Semiconductor MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 17.1% Upside
$36.33 Price Target
Short Interest: Healthy
0.66% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.70
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.79%
From $1.52 to $1.76 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.01 out of 5 stars

Computer And Technology Sector

303rd out of 594 stocks

Semiconductors & Related Devices Industry

45th out of 90 stocks

2.3

Analyst's Opinion

Consensus Rating
Tower Semiconductor has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Tower Semiconductor has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.66% 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 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tower Semiconductor has recently increased by 27.05%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Tower Semiconductor does not currently pay a dividend.
Dividend Growth
Tower Semiconductor does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TSEM.

3.2

News and Social Media Coverage

News Sentiment
Tower Semiconductor has a news sentiment score of 0.70. 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 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Tower Semiconductor this week, compared to 3 articles on an average week.
Search Interest
Only 4 people have searched for TSEM on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
3 people have added Tower Semiconductor to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Tower Semiconductor are expected to grow by 15.79% in the coming year, from $1.52 to $1.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tower Semiconductor is 6.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tower Semiconductor is 6.67, 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 264.27.
Price to Book Value per Share Ratio
Tower Semiconductor has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Tower Semiconductor Stock (NASDAQ:TSEM)

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.

TSEM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TSEM Stock News Headlines

April 15, 2024 | americanbankingnews.com

Short Interest in Tower Semiconductor Ltd. (NASDAQ:TSEM) Increases By 27.0%

April 9, 2024 | msn.com

Israel stocks lower at close of trade; TA 35 down 1.05%

April 16, 2024 | InvestorPlace (Ad)

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April 7, 2024 | finance.yahoo.com

Tower Semiconductor Ltd. (NASDAQ:TSEM) is favoured by institutional owners who hold 67% of the company

March 21, 2024 | finance.yahoo.com

Tower Semiconductor to Participate at OFC 2024 Highlighting Company’s Recent Developments in Silicon Germanium and Silicon Photonics Technologies

March 21, 2024 | finance.yahoo.com

Is It Time To Consider Buying Tower Semiconductor Ltd. (NASDAQ:TSEM)?

March 21, 2024 | globenewswire.com

Tower Semiconductor to Participate at OFC 2024 Highlighting Company's Recent Developments in Silicon Germanium and Silicon Photonics Technologies

April 16, 2024 | InvestorPlace (Ad)

REVEALED: Elon Musk’s Secret A.I. Facility?

I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

March 20, 2024 | globenewswire.com

Tower Semiconductor Awarded by Northrop Grumman for Supplier Excellence

March 18, 2024 | markets.businessinsider.com

Craig-Hallum Keeps Their Buy Rating on Tower (TSEM)

March 18, 2024 | finance.yahoo.com

Coherent Awards Tower Semiconductor as an Outstanding Innovation and Technology Supplier for Silicon Photonics based Products

March 18, 2024 | globenewswire.com

Coherent Awards Tower Semiconductor as an Outstanding Innovation and Technology Supplier for Silicon Photonics based Products

March 16, 2024 | finance.yahoo.com

TSEM Apr 2024 30.000 put

March 16, 2024 | finance.yahoo.com

TSEM Jan 2025 15.000 call

March 12, 2024 | stocknews.com

3 Semiconductor Stocks Climbing to Success

March 11, 2024 | finance.yahoo.com

Tower Semiconductor to Present at 2024 SEMICON China Addressing Advanced CMOS Process Technology for Micro Displays

March 1, 2024 | msn.com

Susquehanna Initiates Coverage of Tower Semiconductor (TSEM) with Neutral Recommendation

February 29, 2024 | seekingalpha.com

Tower Semiconductor: Tough 2023, But I Am Hopeful Going Forward

February 26, 2024 | msn.com

Tower Semiconductor and Tianyi Micro announce strategic cooperation

February 26, 2024 | globenewswire.com

Tower Semiconductor and Tianyi Micro Announce Strategic Cooperation in Development of Next Generation OLED Micro Displays for AR/VR

February 25, 2024 | msn.com

Tower Semiconductor (TSEM) Price Target Increased by 10.92% to 38.71

February 22, 2024 | finance.yahoo.com

Tower Semiconductor to Present at APEC 2024 Highlighting Company’s Recent Developments in BCD Technology

February 22, 2024 | globenewswire.com

Tower Semiconductor to Present at APEC 2024 Highlighting Company's Recent Developments in BCD Technology

February 20, 2024 | finance.yahoo.com

Tower Semiconductor to Attend the Susquehanna Technology Conference in New York

February 20, 2024 | globenewswire.com

Tower Semiconductor to Attend the Susquehanna Technology Conference in New York

February 18, 2024 | msn.com

Israel’s Tower proposes $8 bln chip plant in India

See More Headlines

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Company Calendar

Last Earnings: 2/14/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:TSEM
CUSIP: N/A
CIK: 928876
Web: www.towerjazz.com
Phone: 972-4650-6109
Fax: 972-4654-7788
Employees: 5,613
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $36.33
High Stock Price Target: $38.00
Low Stock Price Target: $35.00
Potential Upside/Downside: +17.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.65
Trailing P/E Ratio: 6.67
Forward P/E Ratio: 20.41
P/E Growth: N/A
Net Income: $518.49 million
Net Margins: 36.44%
Pretax Margin: 41.11%
Return on Equity: 9.33%
Return on Assets: 7.53%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 6.17
Quick Ratio: 5.15

Sales & Book Value

Annual Sales: $1.42 billion
Price / Sales: 2.38
Cash Flow: $4.29 per share
Price / Cash Flow: 7.23
Book Value: $22.21 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 109,290,000
Free Float: 108,192,000
Market Cap: $3.39 billion
Optionable: Optionable
Beta: 0.94

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Key Executives

Mr. Russell C. Ellwanger (Age 69)
CEO & Director
Mr. Oren Shirazi (Age 54)
CFO & Senior VP of Finance
Mr. Rafi Mor (Age 60)
Chief Operating Officer
Ms. Noit Levy-Karoubi (Age 39)
Senior Vice President of Investor Relations & Corporate Communications
Ms. Nati Somekh (Age 49)
Senior VP, Chief Legal Officer & Corporate Secretary
Ms. Dalit Dahan (Age 56)
Senior Vice President of Human Resources & Information Technology
Mr. Yossi Netzer (Age 60)
Senior Vice President of Customer Solutions & Corporate Planning
Dr. Marco Racanelli (Age 57)
SVP & GM of Analog Business Unit and Newport Beach Site Manager
Dr. Avi Strum (Age 62)
Senior VP and GM of Sensors & Displays Business Unit
Mr. Dani Ashkenazi (Age 61)
Senior Vice President of Excellence & Quality

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TSEM Stock Analysis - Frequently Asked Questions

Should I buy or sell Tower Semiconductor stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tower Semiconductor in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TSEM shares.
View TSEM analyst ratings or view top-rated stocks.
What is Tower Semiconductor's stock price target for 2024?: 3 brokerages have issued 12 month target prices for Tower Semiconductor's shares. Their TSEM share price targets range from $35.00 to $38.00. On average, they predict the company's stock price to reach $36.33 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
View analysts price targets for TSEM or view top-rated stocks among Wall Street analysts.
How have TSEM shares performed in 2024?: Tower Semiconductor's stock was trading at $30.52 at the beginning of 2024. Since then, TSEM stock has increased by 1.7% and is now trading at $31.03.
View the best growth stocks for 2024 here.
Are investors shorting Tower Semiconductor?: Tower Semiconductor saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 722,900 shares, an increase of 27.0% from the March 15th total of 569,000 shares. Based on an average trading volume of 669,700 shares, the short-interest ratio is presently 1.1 days.
View Tower Semiconductor's Short Interest.
When is Tower Semiconductor's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our TSEM earnings forecast.
How were Tower Semiconductor's earnings last quarter?: Tower Semiconductor Ltd. (NASDAQ:TSEM) announced its earnings results on Wednesday, February, 14th. The semiconductor company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The semiconductor company earned $351.71 million during the quarter, compared to the consensus estimate of $350 million. Tower Semiconductor had a trailing twelve-month return on equity of 9.33% and a net margin of 36.44%.

What ETFs hold Tower Semiconductor's stock?: ETFs with the largest weight of Tower Semiconductor (NASDAQ:TSEM) stock in their portfolio include ProShares Nanotechnology ETF (TINY), ProShares S&P Kensho Smart Factories ETF (MAKX), Amplify BlueStar Israel Technology ETF (ITEQ), ARK Israel Innovative Technology ETF (IZRL), Formidable ETF (FORH), VanEck Israel ETF (ISRA), Defiance Quantum ETF (QTUM) and Columbia Seligman Semiconductor and Technology ETF (SEMI).
What guidance has Tower Semiconductor issued on next quarter's earnings?: Tower Semiconductor updated its first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $308.8 million-$341.3 million, compared to the consensus revenue estimate of $325.1 million.
What other stocks do shareholders of Tower Semiconductor own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Tower Semiconductor investors own include Micron Technology (MU), Alibaba Group (BABA), Northern Tier Energy (NTI), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Intel (INTC), NVIDIA (NVDA), VASCO Data Security International (VDSI), Marvell Technology (MRVL) and Onsemi (ON).
Who are Tower Semiconductor's major shareholders?: Tower Semiconductor's stock is owned by a number of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%) and DGS Capital Management LLC (0.01%).
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.

This page (NASDAQ:TSEM) was last updated on 4/16/2024 by MarketBeat.com Staff

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