Stock Rating Upgrade
The Value Trend Rating for Tower Semiconductor Ltd (NASDAQ: TSEM) rose significantly recently from D to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Tower Semiconductor Ltd (NASDAQ: TSEM) stock rose modestly by 0.6% on 4/26/24. The stock closed at $32.36. However, exceptionally low trading volume at 34% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 3.9% during the last week.
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 modest Value Builder.
Tower Semiconductor has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Tower Semiconductor has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 67, and the Positive Value Trend Rating results.
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