Stock Rating Downgrade
The Value Trend Rating for Tower Semiconductor Ltd (NASDAQ: TSEM) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Tower Semiconductor Ltd (NASDAQ: TSEM) stock closed at $24.53 on 11/10/23 after an increase of 1.4%. The stock has risen 4.7% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
TSEM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Tower Semiconductor has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Tower Semiconductor has a slightly positive Appreciation Score of 68 but a poor Power Rating of 18, leading to the Negative Value Trend Rating.
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