Adversity is less terrifying than hope: Tower Semiconductor Ltd. (TSEM)

Tower Semiconductor Ltd. (NASDAQ: TSEM) stock jumped 0.48% on Thursday to $38.00 against a previous-day closing price of $37.82. With 0.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.72 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $38.47 whereas the lowest price it dropped to was $37.72. The 52-week range on TSEM shows that it touched its highest point at $49.11 and its lowest point at $37.60 during that stretch. It currently has a 1-year price target of $49.00. Beta for the stock currently stands at 0.89.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TSEM was down-trending over the past week, with a drop of -9.09%, but this was down by -13.71% over a month. Three-month performance dropped to -7.07% while six-month performance fell -12.64%. The stock lost -18.17% in the past year, while it has lost -12.04% so far this year. A look at the trailing 12-month EPS for TSEM yields 2.39 with Next year EPS estimates of 2.47. For the next quarter, that number is 0.49. This implies an EPS growth rate of 74.80% for this year and 13.17% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.30%.

Float and Shares Shorts:

At present, 109.96 million TSEM shares are outstanding with a float of 109.13 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.07 million, which was 0.97% higher than short shares on Mar 30, 2023. In addition to TSM as the firm’s Taiwan Semiconductor Manufactur, STEM serves as its Stem, Inc.

Institutional Ownership:

Through their ownership of 57.98% of TSEM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.12% of TSEM, in contrast to 25.34% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TSEM with 5.52% of the stake, Clal Pension & Provident Funds Lt holds 6,027,252 shares worth 6,027,252. A second-largest stockholder of TSEM, Harel Provident Funds Ltd., holds 5,372,551 shares, controlling over 4.92% of the firm’s shares. JPMorgan Securities LLC is the third largest shareholder in TSEM, holding 4,876,402 shares or 4.46% stake. With a 1.93% stake in TSEM, the Franklin Mutual Ser. Fds. – Globa is the largest stakeholder. A total of 2,107,861 shares are owned by the mutual fund manager. The Franklin Mutual Ser. Fds. – Quest, which owns about 1.55% of TSEM stock, is the second-largest Mutual Fund holder. It holds 1,692,150 shares valued at 76.16 million. BlackRock Event Driven Equity Fun holds 1.34% of the stake in TSEM, owning 1,468,247 shares worth 66.08 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TSEM reported revenue of $426.17M and operating income of $70.67M. The EBITDA in the recently reported quarter was $140.16M and diluted EPS was $0.53.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TSEM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TSEM analysts setting a high price target of $53.00 and a low target of $45.00, the average target price over the next 12 months is $49.00. Based on these targets, TSEM could surge 39.47% to reach the target high and rise by 18.42% to reach the target low. Reaching the average price target will result in a growth of 28.95% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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