Tower Semiconductor Ltd [NASDAQ: TSEM] loss -0.17% or -0.09 points to close at $51.70 with a heavy trading volume of 257078 shares.
The daily chart for TSEM points out that the company has recorded 26.68% gains over the past six months.
If we look at the average trading volume of 580.65K shares, TSEM reached to a volume of 257078 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Tower Semiconductor Ltd [TSEM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TSEM shares is $60.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TSEM stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Susquehanna have made an estimate for Tower Semiconductor Ltd shares, keeping their opinion on the stock as Positive, with their previous recommendation back on May 10, 2024. While these analysts kept the previous recommendation, Susquehanna raised their target price to Neutral. The new note on the price target was released on February 29, 2024, representing the official price target for Tower Semiconductor Ltd stock. Previously, the target price had yet another raise to $35, while The Benchmark Company analysts kept a Buy rating on TSEM stock. On August 17, 2023, analysts decreased their price target for TSEM shares from 53 to 38.
The Average True Range (ATR) for Tower Semiconductor Ltd is set at 1.55, with the Price to Sales ratio for TSEM stock in the period of the last 12 months amounting to 4.10. The Price to Book ratio for the last quarter was 2.20, with the Price to Cash per share for the same quarter was set at 10.85. Price to Free Cash Flow for TSEM in the course of the last twelve months was 25.64 with Quick ratio for the last quarter at 4.89.
Trading performance analysis for TSEM stock
Tower Semiconductor Ltd [TSEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.37. With this latest performance, TSEM shares gained by 3.77% in over the last four-week period, additionally plugging by 26.68% over the last 6 months – not to mention a rise of 72.85% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TSEM stock in for the last two-week period is set at 57.82, with the RSI for the last a single of trading hit 55.37, and the three-weeks RSI is set at 58.44 for Tower Semiconductor Ltd [TSEM]. The present Moving Average for the last 50 days of trading for this stock 48.16, while it was recorded at 51.81 for the last single week of trading, and 41.24 for the last 200 days.
Tower Semiconductor Ltd [TSEM]: A deeper dive into fundamental analysis
Tower Semiconductor Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.89 and a Current Ratio set at 5.82.
Tower Semiconductor Ltd [TSEM]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TSEM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tower Semiconductor Ltd go to 21.10%.
An analysis of Institutional ownership at Tower Semiconductor Ltd [TSEM]
The top three institutional holders of TSEM stocks are: SENVEST MANAGEMENT, LLC with ownership of 8.18 million shares, which is approximately 7.3815%. CLAL INSURANCE ENTERPRISES HOLDINGS LTD, holding 5.62 million shares of the stock with an approximate value of $$221.22 million in TSEM stocks shares; and CLAL INSURANCE ENTERPRISES HOLDINGS LTD, currently with $$151.95 million in TSEM stock with ownership which is approximately 3.4873%.
