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Sunday, December 3, 2023

Analyst Expects Tower Semiconductor Ltd. (NASDAQ: TSEM) To Make Big Moves

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Tower Semiconductor Ltd. (TSEM) shows that investor sentiment remained same, with the stock’s consolidated last price to $24.19. The Tower Semiconductor Ltd. has recorded 192,399 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Tower Semiconductor Announces Third Quarter 2023 Financial Results and Conference Call.

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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $24.19 and fluctuated between $24.45 as its day high and $23.93 as its day low. The current market capitalization of Tower Semiconductor Ltd. is $2.63B. A total of 0.69 million shares were traded on the day, compared to an average of 1.27M shares.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TSEM in the last 3 months, the mean price target is $35.00 with high estimates of $38.00 and low estimates of $31.00. In terms of 52-week highs and lows, TSEM has a high of $46.50 and a low of $21.43.

As of this writing, TSEM has an earnings estimate of $0.49 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.53 per share and a lower estimate of $0.44. The company reported an EPS of $0.36 in the last quarter, which was -23.40% lower than expectations of $0.47.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TSEM’s latest balance sheet shows that the firm has $401.00M in Cash & Short Term Investments as of fiscal 2021. There were $314.84M in debt and $276.33M in liabilities at the time. Its Book Value Per Share was $18.29, while its Total Shareholder’s Equity was $1.62B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TSEM is Buy with a score of 4.33.

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