Tower Semiconductor Ltd (NASDAQ: TSEM) has reported E.P.S. of $0.40 for its first fiscal quarter (ending March 31) versus $0.65 for the same period a year ago — a decline of -38%. Relative to the consensus estimate of $0.50, this was a shortfall of $-0.09. E.P.S. were $4.45 for the latest four quarters through March 31 versus $2.57 for the same period a year ago — an increase of 73%.
Recent Price Action
Tower Semiconductor Ltd (NASDAQ: TSEM) stock closed at $36.44 on 5/9/24 after a very large increase of 6.4%. Moreover, trading volume in this advance was unusually high at 185% of normal. The stock has risen 12.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TSEM is expected to continue to be a modest Value Builder.
Tower Semiconductor has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Tower Semiconductor has a slightly positive Appreciation Score of 67 and a slightly positive Power Rating of 68, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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