For its third fiscal quarter (ending September 30), Tower Semiconductor Ltd (NASDAQ: TSEM) has reported a 392% increase in E.P.S. from $0.63 a year ago to $3.10 in the current quarter. This result exceeded the consensus estimate of $0.50 by $2.60. E.P.S. were $4.98 for the latest four quarters through September 30 versus $2.14 for the same period a year ago — an increase of 133%.
Recent Price Action
Tower Semiconductor Ltd (NASDAQ: TSEM) stock closed at $25.48 on 11/13/23 after a large increase of 3.9%. The stock has risen 6.1% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
TSEM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Tower Semiconductor has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Tower Semiconductor has a slightly positive Appreciation Score of 68 but a poor Power Rating of 18, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment