Últimas noticias sobre Tower Semiconductor (NASDAQ:TSEM) Bolsa

Tower Semiconductor

Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a range of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.

Tower Semiconductor Ltd. - Ordinary Shares

Tower Semiconductor Ltd

Struggling chipmaker Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)&nbsp;continues to receive <a target="_blank" href="https://www.benzinga.com/news/24/09/40968128/qualcomm-reportedly-eyes-potential-takeover-of-intel-amid-60-stock-decline-but-antitrust-concerns-lo" rel="noreferrer noopener">takeover proposals from</a> chip companies, the latest being Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) following Qualcomm Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) proposal earlier.
Arm Holdings recently proposed to acquire Intel&#8217;s product unit. However, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-27/arm-rejected-by-intel-after-approaching-it-about-buying-product-unit?sref=TBDibEcD" rel="noreferrer noopener">reports</a> that Intel is not looking to sell the business division.
Intel stock plunged 31% as it failed to capitalize on the artificial intelligence shift, which is something that contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) excelled at.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41012678/super-micro-unveils-next-gen-servers-powered-by-intels-latest-xeon-chips" rel="noreferrer noopener">Super Micro Unveils Next-Gen Servers Powered by Intel&#8217;s Latest Xeon Chips</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7.png" alt="" class="wp-image-569782" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Meanwhile, some reports indicated Intel&#8217;s plans to convert its <a target="_blank" href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" rel="noreferrer noopener">foundry business into</a> an independent unit, including exploring a spinoff into a publicly traded company. The chipmaker also explored divesting stake in the programmable chip unit&nbsp;Altera.
However, Intel&#8217;s recent big wins included a&nbsp;U.S. chipmaking deal from&nbsp;Amazon.Com Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web services and the U.S. Chip grant.
The chipmaker also clarified that it would not divest a majority stake in the struggling <a target="_blank" href="https://www.benzinga.com/news/24/09/40941075/whats-going-on-with-autonomous-driving-stock-mobileye-thursday" rel="noreferrer noopener">Israeli autonomous driving company</a> Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), whose stock is down 66% in the last 12 months.
Intel&#8217;s exploration of stake sales to companies like Qualcomm and Arm could hinder its U.S. subsidy over antitrust grounds, the Financial Times <a target="_blank" href="https://www.ft.com/content/ff0ca77d-ad35-45ba-a493-201a26932efb" rel="noreferrer noopener">reports</a>.
Multiple deals including Nvidia&#8217;s proposal to snap Arm Holdings from&nbsp;Softbank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) and Intel&#8217;s&nbsp;Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) deal have succumbed to global regulatory opposition.
The semiconductor sector had a good week, buoyed by the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41046485/whats-going-on-with-nvidia-braodcom-intel-and-other-chip-stocks-on-thursday" rel="noreferrer noopener">key rate cuts</a> in the U.S. and China, an upbeat quarterly print from Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and continued AI investments from Big Tech companies.
Semiconductor ETFs, Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>), gained 5%- 7% in the last five days.
Price Action: INTC stock is down 0.04% at $23.91 at the last check on Friday.
Photo via Shutterstock

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PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

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SFTBF

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TSEM

What's Going On With Intel Stock On Friday?

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Shares of semiconductor and chip stocks are trading higher following strong earnings from Micron.

LEDS

Partnering with Broadcom, Tower has enabled fully integrated Wi-Fi FEM devices on a single RFSOI die.&nbsp;&nbsp;

Tower Semiconductor Reports Production Of Wi-Fi 7 RF Front-End Module Devices Based On Its Advanced 300mm RFSOI Technology

Benchmark analyst Cody Acree reiterates Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) with a Buy and maintains $55 price target.

Price Target

Reiteration

Analyst Ratings

Benchmark Reiterates Buy on Tower Semiconductor, Maintains $55 Price Target

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Shares of semiconductor stocks are trading lower amid overall market weakness. A drop in the price of NVIDIA may weigh down the sector.

Tower Semiconductor Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) reported a fiscal second-quarter 2024 revenue decline of 1.7% year-on-year to $351.2 million, beating the <a href="https://www.benzinga.com/pressreleases/24/07/g39927653/tower-semiconductor-reports-2024-second-quarter-financial-results" target="_blank" rel="noreferrer noopener">analyst consensus estimate of $350.1 million</a>.
The Israel-based contract chipmaker's adjusted EPS of $0.53 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.45</a>.
Gross profit was $86.9 million, up 0.5% Y/Y.&nbsp;The margin improved by 53 bps to 24.8%. Operating profit of $55.1 million climbed 9%&nbsp;Y/Y.
The company generated $113 million in operating cash flow and held $1.23 billion in cash and equivalents&nbsp;as of June-end.
Outlook: Tower Semiconductor expects third-quarter revenue of $370 million, with an upward or downward range of 5% versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$369.9 million consensus</a>.
Tower Semiconductor has been asked by the Indian government to revise its chip fabrication unit proposal to include a technology partner offering advanced nodes for manufacturing, Economic Times <a target="_blank" href="https://economictimes.indiatimes.com/tech/technology/govt-asks-israels-tower-to-rework-chip-fab-proposal/articleshow/110341422.cms?from=mdr" rel="noreferrer noopener">reported</a> in May.
The government prefers Tower Semiconductor to focus on 28 nm, 40 nm, 55 nm, and 65 nm nodes instead of just the proposed 180 nm node plan.
Tower Semiconductor has submitted an $8-10 billion proposal for a unit in India, potentially making it one of their largest, but faces legal challenges following the fallout with joint venture partner Next Orbit Ventures.
Tower Semiconductor stock gained 18% in the last 12 months.
<h2 class="wp-block-heading">TSEM Stock Prediction 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Tower Semiconductor have an average 1-year price target of $49.67, representing an expected upside of 20.31%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Tower Semiconductor, while 3 analysts have bullish ratings. The street high price target from Susquehanna is $55.0, while the street low from Craig-Hallum is $44.0.
TSEM Price Action: Tower Semiconductor shares traded lower by 2.46% at $40.27 premarket at the last check Wednesday. 
Photo via Shutterstock

Earnings

Equities

Guidance

Tower Semiconductor Shares Fall on Q2 Revenue Decline: Details

General

Tower Semiconductor shares are trading higher following better-than-expected Q2 financial results.

Business&nbsp;Outlook
Tower Semiconductor guides revenue for the&nbsp;third quarter&nbsp;of 2024 to be&nbsp;$370 million, with an upward or downward range of&nbsp;5%. Mid-range&nbsp;guidance&nbsp;reflects year over year and quarter over quarter growth.

Tower Semiconductor Expects Q3 Revenue Of $370M+/-5% Vs $369.9M Est

Earnings Beats

Tower Semiconductor Q2 2024 Adj EPS $0.53 Beats $0.45 Estimate, Sales $351.181M Beat $350.075M Estimate

Investors with a lot of money to spend have taken a bullish stance on Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TSEM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Tower Semiconductor.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $84,050, and 7 are calls, for a total amount of $363,740.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $45.0 for Tower Semiconductor during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Tower Semiconductor options trades today is 5930.12 with a total volume of 6,911.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Tower Semiconductor's big money trades within a strike price range of $30.0 to $45.0 over the last 30 days.
<h3>Tower Semiconductor 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718741740_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$3.6</td>
<td>$2.3</td>
<td>$3.6</td>
<td>$37.00</td>
<td>$72.0K</td>
<td>2.3K</td>
<td>5</td>
</tr>
<tr>
<td>TSEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.13</td>
<td>$41.00</td>
<td>$68.8K</td>
<td>5.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>TSEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$3.6</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$37.00</td>
<td>$66.0K</td>
<td>973</td>
<td>5</td>
</tr>
<tr>
<td>TSEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.8</td>
<td>$2.65</td>
<td>$2.69</td>
<td>$45.00</td>
<td>$59.1K</td>
<td>278</td>
<td>1.0K</td>
</tr>
<tr>
<td>TSEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.9</td>
<td>$0.8</td>
<td>$0.8</td>
<td>$32.00</td>
<td>$44.0K</td>
<td>97</td>
<td>450</td>
</tr>
</tbody>
</table>

<h3>About Tower Semiconductor</h3>
Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a range of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.
<h3>Present Market Standing of Tower Semiconductor</h3>
<ul>
<li>Currently trading with a volume of 631,306, the TSEM's price is up by 1.46%, now at $39.63. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Tower Semiconductor options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

A Closer Look at Tower Semiconductor's Options Market Dynamics

CORRECTION: &nbsp;Benchmark analyst Cody Acree reiterates Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) with a Buy and raises the price target from $40 to $50. - Price Target Change updated

CORRECTION: Benchmark Reiterates Buy on Tower Semiconductor, Raises Price Target to $50 – Price Target Change updated

Benchmark analyst Cody Acree reiterates Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) with a Buy and raises the price target from $40 to $50.

CORRECTION: Benchmark Reiterates Buy on Tower Semiconductor, Raises Price Target to $50

Craig-Hallum analyst Richard Shannon maintains Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) with a Buy and raises the price target from $40 to $44.

Craig-Hallum Maintains Buy on Tower Semiconductor, Raises Price Target to $44

Susquehanna analyst Medhi Hosseini upgrades Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) from Neutral to Positive and raises the price target from $36 to $55.

Upgrades

Susquehanna Upgrades Tower Semiconductor to Positive, Raises Price Target to $55

Tower Semiconductor Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) reported a fiscal first-quarter 2024 revenue decline of 8% year-on-year to $327.24 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38726386/tower-semiconductor-reports-2024-first-quarter-financial-results" rel="noreferrer noopener">analyst consensus estimate of $324.52 million</a>.
The Israel-based contract chipmaker&#8217;s adjusted EPS of $0.46 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.39</a>.
Gross profit was $72.61 million, down&nbsp;by 24.1% Y/Y.&nbsp;The margin declined 473 bps to 22.2%. Operating profit of $33.99 million declined 62%&nbsp;Y/Y.
It&nbsp;generated $110 million in operating cash flow and held $1.24 billion in cash and equivalents&nbsp;as of March 31, 2024.
Russell Ellwanger,&nbsp;the CEO of Tower, acknowledged the overall market downturn, specifically highlighting significant drops in demand for power management and automotive chips to Reuters.&nbsp;
He expressed optimism for recovery beyond the first quarter in several&nbsp;sectors,&nbsp;despite the&nbsp;current&nbsp;slowdown in automobile sales and reduced chip purchases by data centers due to overstocking.&nbsp;
Ellwanger also emphasized the need to increase production capacity amidst global uncertainties that dampen consumer purchasing behavior.&nbsp;
He confirmed that the ongoing conflict between Israel and Palestinian Hamas militants has not materially impacted Tower&#8217;s operations.&nbsp;
Ellwanger predicts more than 7% sequential growth for the second quarter and significant growth in the latter half of the year.
Outlook:&nbsp;Tower Semiconductor expects second-quarter revenue of $350 million, with an upward or downward range of 5% versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$334.84 million consensus</a>.
During fiscal fourth-quarter results, the company&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37125509/tower-semiconductor-embarks-on-business-overhaul-after-q4-performance-stock-gains" rel="noreferrer noopener">disclosed consolidating its</a>&nbsp;6&#8243; Fab 1 activities into its 8&#8243; Fab 2 operations and phasing out certain lower-margin products.
TSEM Price Action: Tower Semiconductor shares traded higher by 6.26% at $36.40 at the last check Thursday. 
Photo via Wikimedia Commons

Movers

Tower Semiconductor CEO Eyes Recovery, Projects Over 7% Growth Next Quarter

Business&nbsp;Outlook
Tower Semiconductor guides revenue for the&nbsp;second quarter&nbsp;of 2024 to be&nbsp;$350 million, with an upward or downward range of&nbsp;5%.

Tower Semiconductor Expects Q2 Revenue of $350M+/-5% Vs $334.84M Est

Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.39 by 17.95 percent. The company reported quarterly sales of $327.238 million which beat the analyst consensus estimate of $324.520 million by 0.84 percent. This is a 7.98 percent decrease over sales of $355.611 million the same period last year.

Tower Semiconductor Q1 2024 Adj EPS $0.46 Beats $0.39 Estimate, Sales $327.238M Beat $324.520M Estimate

Shares of semiconductor stocks are trading lower amid overall market weakness. Some stocks in the sector are also lower on reports suggesting China has told telecom carriers to phase out foreign chips.

Tower Semiconductor Will Showcase Its Advanced Silicon Germanium And Silicon Photonics Platforms, As Well As Recent Technology Developments Providing Cutting-edge Solutions At OFC 2024

The hundreds of AI stocks have been reduced to 31 pure-play stocks in 7 categories and put into 7 portfolios which are tracked on a weekly basis. What follows is a summary of their performances this week.

Semiconductor Sector Flat This Week; Down MTD; Here Are The Details Of 7 Segments

The high demand for the semiconductor industry stems from its critical role in powering advanced technologies such as AI, automation, and e-mobility, which drives continuous growth and investment. As investments surge to meet this rising need, investors should consider watching strong semiconductor stocks: FormFactor (FORM), Photronics (PLAB), and Tower Semiconductor (TSEM). Read on... The semiconductor industry is experiencing robust growth, driven by soaring demand for AI chips, high-bandwidth memory, and high-performance chips. This expansion is further supported by rising IC sales, increased wafer fab capacity, and a rebound in consumer electronics demand. As these trends continue, capital expenditures are expected to surge, setting the stage for substantial industry growth.
Amidst this surging demand, it would be wise to keep an eye on fundamentally strong semiconductor stocks such as FormFactor, Inc. (<a href="https://stocknews.com/stock/FORM/">FORM</a>), Photronics, Inc. (<a href="https://stocknews.com/stock/PLAB/">PLAB</a>), and Tower Semiconductor Ltd. (<a href="https://stocknews.com/stock/TSEM/">TSEM</a>).
Despite ongoing chip shortages, the global semiconductor market is poised for strong growth. Powered by trends such as Generative AI, automation, and e-mobility, the industry is experiencing rapid expansion, fueling investments and manufacturing. Statista predicts the semiconductor market will reach $607.40 billion in revenue in 2024, with a <a href="https://www.statista.com/outlook/tmo/semiconductors/worldwide">10.1% CAGR</a>, and will reach $980.80 billion by 2029.
The Semiconductor Industry Association (SIA) announced that global semiconductor sales will hit $149.90 billion in the second quarter of 2024, an <a href="https://www.semiconductors.org/global-semiconductor-sales-increase-18-3-in-q2-2024-compared-to-q2-2023-quarter-to-quarter-sales-up-6-5/">18.3% increase</a> from the same period last year. This growth is fueled by expansions in automotive, healthcare, retail, manufacturing, and data centers, where collaborations on specialized chips have successfully met rising demand and mitigated shortages.
Furthermore, investors' interest in chip stocks is evident from the VanEck Semiconductor ETF's (<a href="https://stocknews.com/stock/SMH/">SMH</a>) 59.6% returns over the past year. Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> picks, beginning with the third choice.
Stock #3: FormFactor, Inc. (<a href="https://stocknews.com/stock/FORM/">FORM</a>)
FORM designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments: Probe Cards and Systems.
In terms of the trailing-12-month net income margin, FORM's 17.20% is 360.6% higher than the 3.73% industry average. Likewise, its 13.62% trailing-12-month Return on Common Equity is 195.3% higher than the 4.61% industry average. Additionally, its 10.50% trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">Return on Total Assets</a> is 412.4% higher than the 2.05% industry average.
FORM's revenue for the second quarter that ended June 29, 2024, increased 26.7% year-over-year to $197.47 million. The company's non-GAAP operating income rose 155.6% from the year-ago value to $28.54 million. Also, FORM's non-GAAP net income attributable to stockholders came in at $27.32 million and $0.35 per share, up 143.1% and 150% over the prior-year quarter, respectively.
For the quarter ending September 30, 2024, FORM's EPS and revenue are expected to increase 42.4% and 16% year-over-year to $0.31 and $199.09 million, respectively. It surpassed the consensus revenue estimates in each of the trailing four quarters. Over the past year, the stock has gained 57.2% to close the last trading session at $48.99.
FORM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and a B for Momentum and Quality. It is ranked #16 out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. Beyond what we stated above, we also have given FORM grades for Value, Stability, and Sentiment. Get all the FORM's ratings <a href="https://stocknews.com/stock/FORM/">here</a>.
Stock #2: Photronics, Inc. (<a href="https://stocknews.com/stock/PLAB/">PLAB</a>)
PLAB and its subsidiaries manufacture and sell photomask products and services internationally. They offer photomasks used in the manufacture of integrated circuits and flat panel displays (FPDs) and in transferring circuit patterns onto semiconductor wafers and FPD substrates.
In terms of the trailing-12-month levered FCF margin, PLAB's 14.68% is 40.5% higher than the 10.45% industry average. Likewise, the stock's 36.93% trailing-12-month EBITDA margin is 265.3% higher than the 10.11% industry average. Also, the stock's 15.14% trailing-12-month net income margin is 305.6% higher than the 3.73% industry average.
For the fiscal second quarter that ended April 28, 2024, PLAB reported a revenue of $217 million. Its operating income stood at $56.05 million. Also, the company's non-GAAP net income and non-GAAP EPS came in at $28.72 million and $0.46, respectively. In addition, as of April 28, 2024, PLAB's cash, cash equivalents end of period was $539.16 million compared to $499.29 million as of October 31, 2023.
Analysts expect PLAB's EPS for the quarter ended July 31, 2024, to increase 9.8% year-over-year to $0.56, and its revenue for the same quarter is expected to increase marginally year-over-year to $225 million. Over the past nine months, the stock has gained 14.02% to close the last trading session at $24.08.
PLAB's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Value, Momentum, and Quality. In the same industry, it is ranked #5. To access additional grades for PLAB's Growth, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/PLAB/">click here</a>.
Stock #1: Tower Semiconductor Ltd. (<a href="https://stocknews.com/stock/TSEM/">TSEM</a>)
Headquartered in Migdal Haemek, Israel, TSEM is an independent semiconductor foundry that manufactures and markets analog-intensive mixed-signal semiconductor devices in the United States, Japan, other Asian countries, and Europe.
In terms of the trailing-12-month EBIT margin, TSEM's 12.73% is 154.8% higher than the 4.99% industry average. Likewise, its 21.77% trailing-12-month Return on Common Equity is 372% higher than the industry average of 4.61%. Its 33.17% trailing-12-month Capex/Sales is considerably higher than the industry average of 2.11%.
TSEM's revenues for the second quarter that ended June 30, 2024, came in at $351.18 million, while its gross profit came in at $86.92 million up marginally year-over-year. Moreover, its adjusted net profit attributable to the company and adjusted EPS rose 1.2% and 1.9% over the prior-year quarter to $59.04 million and $0.52, respectively.
Street expects TSEM's revenue for the quarter ending September 30, 2024, to increase 3.4% year-over-year to $370.35 million. Its EPS for the quarter ending December 31, 2024, is expected to increase marginally year-over-year to $0.55. It surpassed the consensus EPS estimates in each of the trailing four quarters. The stock has gained 56.5% over the past nine months to close the last trading session at $42.89.
TSEM's bright prospects are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Momentum and Sentiment. Within the Semiconductor &amp; Wireless Chip industry, it is ranked #4. To see TSEM's Growth, Value, Stability, and Quality ratings, <a href="https://stocknews.com/stock/TSEM/">click here</a>.
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TSEM shares were trading at $44.25 per share on Thursday afternoon, up $1.36 (+3.17%). Year-to-date, TSEM has gained 44.99%, versus a 18.98% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/tsem-form-plab-3-semiconductor-stocks-to-watch-amidst-surging-demand/>3 Semiconductor Stocks to Watch Amidst Surging Demand</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Semiconductor Stocks to Watch Amidst Surging Demand

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Press Releases

Tower Semiconductor Awarded by Northrop Grumman for Supplier Excellence

Tower Semiconductor to Participate at OFC 2024 Highlighting Company's Recent Developments in Silicon Germanium and Silicon Photonics Technologies

Tower Semiconductor Announces First Quarter 2024 Financial Results and Conference Call

Tower Semiconductor to Participate in the 52nd Annual JP Morgan Global Technology, Media, and Communications Conference

Tower Semiconductor to Attend the 52nd Annual TD Cowen Technology, Media & Telecom Conference

Tower Semiconductor Reports 2024 First Quarter Financial Results

Tower Semiconductor Announces Second Quarter 2024 Financial Results and Conference Call

Tower Semiconductor Reports 2024 Second Quarter Financial Results

Empowering the Future: Tower Semiconductor Announces 2024 Technical Global Symposium to Showcase Analog Technology Advancements

Tower Semiconductor Sets a New RFSOI Standard with Broadcom's Wi-Fi RF Front-End Modules for Next-Gen Mobile Applications

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