Stocks / Technology · Semiconductors

TSEM

Tower Semiconductor TSEM

Technology · Semiconductors

$166.48−11.41% dayFri Oct 30 close

Deep dip with a setup armed: a close above $175.23 triggers it. 47% below its 52-week high.

A quality company. No fair value estimate for now: its free cash flow is negative.

Setup armedDeep dipReports Nov 2

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Fair value est.: n/a
Market Value: —
Off 52-wk high: −47%
Risk vs market: Highbeta 3.30

5 bullish · 5 bearish See why

TriggerStopDrag across the chart to see any day

Key levels

Every level vs today’s $166.48

52-wk lowlowest close, 1 year$82.45−50.5%
Stopreference, not an order$160.36−3.7%
PriceFri Oct 30 close$166.48you are here
Triggerclose above fires the setup$175.23+5.3%
52-wk highhighest close, 1 year$316.85+90.3%

Fair value estimate

No estimate for TSEM: negative free cash flow. We’d rather show nothing than a made-up number.

Risk vs market

How risk vs market is measured

One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much TSEM moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.

High

Swings much more than the market, and its own price swings are 6.6× the S&P 500’s.

Beta vs S&P 500: 3.30
Volatility: 84% vs 13% SPY
Correlation SPY: 0.50
Correlation QQQ: 0.60

Bull vs bear

Rule-based from the data on this page, strongest first. Not advice.

Top bullish points 5 of 5

Balance sheetNet cash of $990M: cash and short-term investments exceed debt (Dec 31, 2025).
GrowthSales grew 9% to $1.6B over the last 12 months vs the 12 months before (SEC filings).
Balance sheetDebt / equity of 0.1×, below the 0.4× median for the 88 Technology companies we cover.
TechnicalA company that passes our quality screen, now 47% off its 52-week high (deep dip).
SetupA capitulation-reversal setup is armed: a close above $175.23 triggers it, with a reference stop at $160.36.

Top bearish points 5 of 5

ValuationFree cash flow is negative (−$49M over the last 12 months), so there’s no cash-flow value under the price.
ValuationP/E of 96.2× is 204% above its own average of 31.6× at the last 3 fiscal year-ends.
ProfitabilityOperating margin narrowed to 12.4% in FY2025 from 38.5% in FY2023 (SEC filings).
ValuationP/E of 96.2× vs a 33.9× median for the 138 Technology companies we cover.
RiskSwings hard: beta 3.30 vs the S&P 500 and 84% yearly volatility (SPY 13%).

Who’s talking about it

Notable investors, executives, analysts and public figures on Tower Semiconductor in the last 48 hours. Headlines as published, each linked. Their words, not ours.

No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.

Compare with peers

Closest in size in Semiconductors

CompanyPrice1 yearvs fair valueP/EMkt cap

SWKSSkyworks Solutions$87.58−2.1%+11%−48%45.7×$21B MTSIMACOM Technology Solutions$234.39−7.1%+56%−70%76.3×$19B FSLRFirst Solar$174.40−1.4%−25%−62%10.1×$19B GFSGlobalFoundries$41.90−8.6%+16%−32%26.4×$26B QQnity Electronics$116.67−4.9%+25%−27%41.8×$26B CBRSCerebras Systems$109.18−5.2%—n/an/a$27B

All fundamentals

P/E 96.2 · FCF yield -0.2% · ROE 8%

Valuation

P/E: 96.2×3-yr-end avg 31.6× · Technology median 33.9×
Price / FCF: n/anegative free cash flow
FCF yield: −0.2%
EV / EBITDA: 40.6×
Price / sales: 13.54×
Price / book: 7.26×
Market cap: $21.2Blisted
Enterprise value: $20.2B

Growth

Revenue, 12 months: $1.6B
Sales growth, 12 months: +9.1%vs the 12 months before
Sales growth, 3 yrs: −2.3%/yrfrom FY2022
Diluted EPS, 12 months: $1.94
EPS growth, last FY: +4.9%
Net income, 12 months: $220M
Net income growth: +6%12 months vs before

Profitability

Gross margin: 23.2%
Operating margin: 12.4%
Net margin: 14.1%
FCF margin: −3.1%
Return on equity: 8%
Return on invested capital: 9%

Balance sheet

Cash & short-term inv.: $1.2B
Total debt: $162M
Net cash: $990M
Debt / equity: 0.06×
Interest coverage: 53.1×operating income / interest

Cash flow & returns

Free cash flow, 12 months: −$49M
FCF growth, 12 months: n/anot reported in its SEC filings
Dividend yield: 0%
Payout ratio: n/anot reported in its SEC filings
Buybacks, 12 months: n/anot reported in its SEC filings
Share count, 1 year: n/ano quarterly diluted share count
Stock-based comp: $38M

Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From Tower Semiconductor’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.

Valuation details

FCF value $58.90

How

Market ValueNo thesis-changing filing in the window we track

—

Fair value estimaten/a — negative free cash flow

n/a

FCF valuePrice at a 4% yield on trailing free cash flow ($0.3B)

$58.90price +183%

Setup & signals

Armed · trigger $175.23

All setups

TriggerFires on a close above this

$175.23+5.3% from here

StopUnder the Oct 30 panic low

$160.36−3.7% from here

Risk if it triggersTrigger to stop

−8.5%

Momentum & 52-week range

RSI 36 · 5 days −0.6%

$166.48now

52-wk low $82.45high $316.85

Off 52-wk high−47.5%

5 days−0.6%

vs 50-day avg−21.7%

vs 200-day avg−18.9%

RSI (14)36

Market cap$21B

The business

FCF $0.3B · Sales +24%

Free cash flow, 12 months$0.3B
Free-cash-flow yield1.4%
Free-cash-flow margin18%
Gross margin27%
Operating margin16%
Return on invested capital154%
Return on equity10%
Sales growth (latest quarter vs year-ago quarter)+24%
Net debt / EBITDA−0.1×

Next report

Nov 2

Calendar

DateMon Nov 2, before the open
Consensus EPS$0.98
Year-ago EPS$0.47
QuarterSep/2026

From Nasdaq’s earnings calendar. A report resets Market Value.

Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.

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