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Tower Semiconductor Ltd. (TSEM) Press Release

Corporate Events

Neutral

Tower Semiconductor Ltd. Presents at Internatio...

2022-06-14 10:00:00

Tower Semiconductor Ltd. Presents at International Microwave Symposium (IMS2022), Jun-19-2022 . Venue: Denver, Colorado, United States.

Positive

Tower Semiconductor Ltd. to Showcase Key Proces...

2022-06-08 10:00:00

Tower Semiconductor Ltd. announced a webinar titled “Develop and Verify Designs Using a Silicon Photonics Platform with Integrated Lasers”. Th...

Positive

Tower Semiconductor Expands its Power Managemen...

2022-05-09 10:00:00

Tower Semiconductor Ltd. announced the expansion of its power management platforms with the release of the second generation of its 65nm BCD e...

Neutral

Tower Semiconductor Ltd. Presents at PCIM Europ...

2022-05-09 10:00:00

Tower Semiconductor Ltd. Presents at PCIM Europe 2022, May-10-2022 . Venue: Nuremburg, Germany.

Neutral

Tower Semiconductor Ltd. to Report Q1, 2022 Res...

2022-05-02 10:00:00

Tower Semiconductor Ltd. announced that they will report Q1, 2022 results on May 16, 2022

Neutral

Mesago Messe Frankfurt Gmbh, PCIM Europe 2022, ...

2022-04-13 02:55:00

Mesago Messe Frankfurt Gmbh, PCIM Europe 2022, May 10, 2022 through May 13, 2022. Venue: Nuremburg, Germany.

Neutral

Tower Semiconductor Ltd., Special/Extraordinary...

2022-03-11 22:26:00

Tower Semiconductor Ltd., Special/Extraordinary Shareholders Meeting, Apr 25, 2022, at 16:00 Israel Standard Time. Location: 20 Shaul Amor Str...

Positive

Tower Semiconductor and Juniper Networks Announ...

2021-12-21 11:00:00

Tower Semiconductor and Juniper Networks announced the world’s first silicon photonics (SiPho) foundry-ready process with integrated III-V las...

Neutral

Institute of Electrical and Electronics Enginee...

2021-12-06 07:15:00

Institute of Electrical and Electronics Engineers, Inc., International Microwave Symposium (IMS2022), Jun 19, 2022 through Jun 24, 2022. Venue...

Neutral

Tower Semiconductor Ltd. Provides Revenue Guida...

2021-11-08 15:00:00

Tower Semiconductor Ltd. provided revenue guidance for the year 2021. For the year, the company, according to mid-range guidance, will yield a...

Positive

Tower Semiconductor and Anello Photonics Announ...

2021-11-01 11:00:00

Tower Semiconductor announced a strategic partnership for a new low-loss Silicon Optical Waveguide technology and manufacturing process. The f...

Neutral

Tower Semiconductor Ltd., Q3 2021 Earnings Call...

2021-10-18 10:00:00

Tower Semiconductor Ltd., Q3 2021 Earnings Call, Nov 08, 2021

Neutral

Tower Semiconductor Ltd. to Report Q3, 2021 Res...

2021-10-18 10:00:00

Tower Semiconductor Ltd. announced that they will report Q3, 2021 results on Nov 08, 2021

Neutral

Tower Semiconductor Ltd., 2021 Annual Technical...

2021-10-13 11:00:00

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - USA Session, Nov 16, 2021.

Neutral

Tower Semiconductor Ltd., 2021 Annual Technical...

2021-10-13 11:00:00

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - USA Session, Nov 16, 2021.

Neutral

Tower Semiconductor Ltd. Presents at 2021 Annua...

2021-10-13 11:00:00

Tower Semiconductor Ltd. Presents at 2021 Annual Technical Global Symposium - USA Session, Nov-16-2021 . Speakers: Avi Strum, Senior VP and GM...

Neutral

Tower Semiconductor Ltd., 2021 Annual Technical...

2021-10-13 11:00:00

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov 17, 2021.

Neutral

Tower Semiconductor Ltd., 2021 Annual Technical...

2021-10-13 11:00:00

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov 17, 2021.

Neutral

Tower Semiconductor Ltd. Presents at 2021 Annua...

2021-10-13 11:00:00

Tower Semiconductor Ltd. Presents at 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov-17-2021 . Speakers: Avi Strum, Senior...

Positive

Tower Semiconductor Announces development of Li...

2021-09-13 10:00:00

Tower Semiconductor Ltd. announced a breakthrough development of LiDAR IC technology designed for advanced driver-assistance systems (ADAS) an...

Positive

Tower Semiconductor and Quintessent Announce Pa...

2021-09-02 10:00:00

Tower Semiconductor and Quintessent announced their collaboration to create the world’s first Silicon Photonics (SiPho) process with integrate...

Neutral

Novosense Selects Tower Semiconductor for Volum...

2021-08-25 10:00:00

Novosense and Tower Semiconductor announced the development of hall sensor for the automotive market utilizing Tower’s best-in-class 180nm ana...

Neutral

Tower Semiconductor Ltd. Presents at Jefferies ...

2021-08-18 18:45:00

Tower Semiconductor Ltd. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Aug-31-2021 .

Neutral

Tower Semiconductor Ltd. Provides Revenue Guida...

2021-08-02 11:00:00

Tower Semiconductor Ltd. provided revenue guidance for the third quarter of 2021. The company guides revenue for the third quarter of 2021 to ...

Neutral

Tower Semiconductor Ltd. to Report Q2, 2021 Res...

2021-07-12 10:30:00

Tower Semiconductor Ltd. announced that they will report Q2, 2021 results on Aug 02, 2021

Neutral

Tower Semiconductor Ltd., Q2 2021 Earnings Call...

2021-07-12 10:30:00

Tower Semiconductor Ltd., Q2 2021 Earnings Call, Aug 02, 2021

Neutral

Tower Semiconductor Ltd. Presents at International Microwave Symposium (IMS2022), Jun-19-2022

2022-06-14 10:00:00

Tower Semiconductor Ltd. Presents at International Microwave Symposium (IMS2022), Jun-19-2022 . Venue: Denver, Colorado, United States.

Positive

Tower Semiconductor Ltd. to Showcase Key Process and PDK Features of Its Silicon Photonics Process

2022-06-08 10:00:00

Tower Semiconductor Ltd. announced a webinar titled “Develop and Verify Designs Using a Silicon Photonics Platform with Integrated Lasers”. The webinar will be hosted by technology and design enablement experts and will introduce key process and process design kit (PDK) features of Tower’s PH18 process. Attendees will see a demonstration of an end-to-end design flow using Synopsys products for photonic integrated circuit (PIC) design together with Tower’s silicon photonics platform which includes OpenLight’s technology with InP-based integrated lasers, amplifiers, modulators and photodetectors. The platform targets datacom, telecom, LiDAR, healthcare, HPC, AI, and optical computing applications. As the optical transceiver market moves from 400Gb/s to 800Gb/s, many complex analog components are required to assemble energy-efficient and cost-effective optical modules. This webinar will examine an 800G-DR8 PIC design case study to show how to accurately develop PIC designs with a focus on co-simulating and synthesizing an integrated laser. The webinar showcases key process and PDK features of Tower’s PH18 process along with OpenLight’s silicon photonics platform with integrated lasers and the industry’s only unified electronic and photonic design solution comprising of Synopsys OptoCompiler™, Synopsys OptSim™, Synopsys PrimeSim™ and Synopsys IC Validator™ products. These solutions and techniques help improve performance and scalability, while reducing cost of design for some of the world’s most exciting and growing markets. The 800G-DR8 PIC example can be extrapolated to develop PICs for other applications that can benefit from silicon photonics.

Positive

Tower Semiconductor Expands its Power Management Platforms Supporting Higher Power and Higher Voltage ICs

2022-05-09 10:00:00

Tower Semiconductor Ltd. announced the expansion of its power management platforms with the release of the second generation of its 65nm BCD expanding operation to 24V and reducing Rdson by 20%. The company is also adding deep trench isolations to its 180nm BCD platform enabling up to 40% die size reduction for voltages up to 125V. Tower’s 65nm BCD platform is known as the best-in-class sub-90nm BCD technology with its leading figure of merit in power performance, cost, and integration competitiveness. The second-generation 65nm BCD benefits from power performance and/or die size reduction by up to 20% due to the decrease in LDMOS Rdson for devices up to 16V together with voltage extension to 24V operation. These advancements firmly address the needs of the computing and consumer markets for monolithic high-power converters, including, high-power voltage regulator for CPU and GPUs in addition to applications such as chargers high-power motor drivers, and power converters. The Company’s 180nm BCD is the industry’s widest, best-in-class platform with respect to voltage coverage, isolation schemes, power performance, die size, and mask count. The 180nm BCD deep trench isolation scheme (DTI) offers improved noise immunity within a single IC, flexibility at the elevated voltages enabling to select between multiple isolation scheme, and reduced die size by up to 40%. All these strategic features support the market’s increasing deployment of 48V systems that require ICs to hold voltages up to 120V and more; and specifically address the advancing requirements of the industrial and automotive applications including gate drivers, power converters, motor drivers, and automotive 48V systems with their demand for advanced isolations in ICs with multiple voltage domains at a smaller die size. The Company will participate in upcoming 2022 PCIM in Nürnberg, Germany, May 10 - 12, 2022, booth: #6-431.

Neutral

Tower Semiconductor Ltd. Presents at PCIM Europe 2022, May-10-2022

2022-05-09 10:00:00

Tower Semiconductor Ltd. Presents at PCIM Europe 2022, May-10-2022 . Venue: Nuremburg, Germany.

Neutral

Tower Semiconductor Ltd. to Report Q1, 2022 Results on May 16, 2022

2022-05-02 10:00:00

Tower Semiconductor Ltd. announced that they will report Q1, 2022 results on May 16, 2022

Neutral

Mesago Messe Frankfurt Gmbh, PCIM Europe 2022, May 10, 2022 through May 13, 2022

2022-04-13 02:55:00

Mesago Messe Frankfurt Gmbh, PCIM Europe 2022, May 10, 2022 through May 13, 2022. Venue: Nuremburg, Germany.

Neutral

Tower Semiconductor Ltd., Special/Extraordinary Shareholders Meeting, Apr 25, 2022

2022-03-11 22:26:00

Tower Semiconductor Ltd., Special/Extraordinary Shareholders Meeting, Apr 25, 2022, at 16:00 Israel Standard Time. Location: 20 Shaul Amor Street, Ramat Gavriel Industrial Park Migdal Haemek Israel Agenda: To consider and approve the acquisition of the Company by Intel FS Inc., a Delaware corporation ( Parent"), including the approval; and to consider and approve the adjournment of the extraordinary general meeting to a later date or dates if necessary to solicit additional proxies if there are insufficient votes to approve the Merger Proposal at the time of the extraordinary general meeting.

Positive

Tower Semiconductor and Juniper Networks Announces World’s First Open Market Silicon Photonics Platform with Monolithically Integrated III-V Lasers

2021-12-21 11:00:00

Tower Semiconductor and Juniper Networks announced the world’s first silicon photonics (SiPho) foundry-ready process with integrated III-V lasers, amplifiers modulators, and detectors. This integrated laser process addresses optical connectivity in datacenters and telecom networks, as well as new emerging applications in artificial intelligence (AI), LiDAR, and other sensors. The new platform co-integrates III-V lasers, semiconductor optical amplifiers (SOA), electro-absorption modulators (EAM) and photodetectors with silicon photonics devices, all monolithically on a single chip. This enables smaller, higher-channel count and more power-efficient optical architectures and solutions. Foundry availability will enable a broad array of product developers to create highly integrated photonic integrated circuits (PICs) for diverse markets. Process design kits (PDK) are expected to be available by year end and the first open multi-project wafer (MPW) run are expected to be offered early next year. First samples of full 400Gb/s and 800Gb/s PICs reference designs with integrated laser are expected to be available in the second quarter of 2022.

Neutral

Institute of Electrical and Electronics Engineers, Inc., International Microwave Symposium (IMS2022), Jun 19, 2022 through Jun 24, 2022

2021-12-06 07:15:00

Institute of Electrical and Electronics Engineers, Inc., International Microwave Symposium (IMS2022), Jun 19, 2022 through Jun 24, 2022. Venue: Denver, Colorado, United States.

Neutral

Tower Semiconductor Ltd. Provides Revenue Guidance for the Year 2021

2021-11-08 15:00:00

Tower Semiconductor Ltd. provided revenue guidance for the year 2021. For the year, the company, according to mid-range guidance, will yield an annual revenue of $1.506 billion, which would be a 19% total and 28% organic growth against the $1.266 billion for 2020.

Positive

Tower Semiconductor and Anello Photonics Announces Strategic Partnership for A New Silicon Optical Waveguide Process Technology

2021-11-01 11:00:00

Tower Semiconductor announced a strategic partnership for a new low-loss Silicon Optical Waveguide technology and manufacturing process. The foundry version of the process will enable adoption in a wide range of markets such as including automotive LiDAR, bio-sensing, quantum computing, artificial intelligence, microwave photonics and optical communications requiring complex integration of high-performance optical devices. The new low-loss Silicon Nitride waveguide process approaches 0.005dB/cm propagation loss at 1550nm wavelengths with less than 1mm bend radius. This novel process delivers one to two orders of magnitude lower loss than other commercial foundry processes at a compact bend radius for both 1550nm and 1310nm wavelengths. The combination of low loss along with small bend radius enables fabrication of a new class of high-performing devices, including long (>10m) delays lines and tiny on-chip resonators with high-quality factors (high-Q) surpassing 100 million. A range of optical applications such as automotive LiDAR, bio-sensing, quantum computing, artificial intelligence, microwave photonics and optical communications could all benefit from the breakthrough capabilities delivered by this new low-loss process. Anello Photonics and Tower Semiconductor have developed this process over the last eighteen months, and Anello’s SiPhOG gyroscope utilizes the process to directly replace the optical fiber found in a traditional Fiber Optic Gyroscope. A foundry version of this process is being offered by Tower to its customers beginning in First Quarter 2022.

Neutral

Tower Semiconductor Ltd., Q3 2021 Earnings Call, Nov 08, 2021

2021-10-18 10:00:00

Tower Semiconductor Ltd., Q3 2021 Earnings Call, Nov 08, 2021

Neutral

Tower Semiconductor Ltd. to Report Q3, 2021 Results on Nov 08, 2021

2021-10-18 10:00:00

Tower Semiconductor Ltd. announced that they will report Q3, 2021 results on Nov 08, 2021

Neutral

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - USA Session, Nov 16, 2021

2021-10-13 11:00:00

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - USA Session, Nov 16, 2021.

Neutral

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - USA Session, Nov 16, 2021

2021-10-13 11:00:00

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - USA Session, Nov 16, 2021.

Neutral

Tower Semiconductor Ltd. Presents at 2021 Annual Technical Global Symposium - USA Session, Nov-16-2021

2021-10-13 11:00:00

Tower Semiconductor Ltd. Presents at 2021 Annual Technical Global Symposium - USA Session, Nov-16-2021 . Speakers: Avi Strum, Senior VP and GM of Sensors & Displays Business Unit, Marco Racanelli, SVP & GM of Analog Business Unit and Newport Beach Site Manager, Rafi Mor, Chief Operating Officer, Russell C. Ellwanger, CEO & Director.

Neutral

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov 17, 2021

2021-10-13 11:00:00

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov 17, 2021.

Neutral

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov 17, 2021

2021-10-13 11:00:00

Tower Semiconductor Ltd., 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov 17, 2021.

Neutral

Tower Semiconductor Ltd. Presents at 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov-17-2021

2021-10-13 11:00:00

Tower Semiconductor Ltd. Presents at 2021 Annual Technical Global Symposium - Europe / APAC Session, Nov-17-2021 . Speakers: Avi Strum, Senior VP and GM of Sensors & Displays Business Unit, Marco Racanelli, SVP & GM of Analog Business Unit and Newport Beach Site Manager, Rafi Mor, Chief Operating Officer, Russell C. Ellwanger, CEO & Director.

Positive

Tower Semiconductor Announces development of LiDAR Technology for Advanced Driver-Assistance Systems

2021-09-13 10:00:00

Tower Semiconductor Ltd. announced a breakthrough development of LiDAR IC technology designed for advanced driver-assistance systems (ADAS) and ultimately self-driving cars. The new, innovative IC designed by researchers from the Ming Hsieh Department of Electrical and Computer Engineering at the USC Viterbi School of Engineering was led by SungWon Chung and manufactured using Tower Semiconductor’s industry-leading open foundry Silicon Photonics platform. It employs optical phased arrays " hundreds of compact optical antennas along with amplitude and phase modulators on a silicon chip for accurate 3D imaging of the surrounding environment without the need for any moving parts. Additionally, the field of view, resolution, scanning pattern, and scanning speed are all programmable, meaning that cars outfitted with this system can respond much better to real-world scenarios. Tower Semiconductor’s PH18 Silicon Photonics platform offers a rich set of optical components including ultra-high bandwidth modulators, and photodetectors, serving the demand in data center and infrastructure optical communication markets. This platform also offers high-performance elements necessary for high-precision LiDAR applications, such as low-loss silicon nitride waveguides capable of handling larger optical powers. The LiDAR IC, operating at a human-eye friendly 1550nm wavelength uses continuous wave frequency modulation (FMCW) making it more resilient to environmental brightness and interferences from other LiDARs in a congested driving environment.

Positive

Tower Semiconductor and Quintessent Announce Partnership to Create Foundry Silicon Photonics Platform with Integrated Quantum Dot Laser

2021-09-02 10:00:00

Tower Semiconductor and Quintessent announced their collaboration to create the world’s first Silicon Photonics (SiPho) process with integrated quantum dot lasers, addressing optical connectivity in Artificial Intelligence/Machine Learning and disaggregated computing (datacenter) markets. According to the market research firm Yole, the silicon photonics transceivers market for datacenters is expected grow rapidly at a CAGR of 40% to reach $3.5 billion in 2025. The new foundry process will build upon Tower’s industry leading PH18 production silicon photonics platform and add Quintessent’s III-V quantum dot-based lasers and optical amplifiers to enable a complete suite of active and passive silicon photonic elements. The resulting capability will be an industry first in demonstrating integrated optical gain in a standard foundry silicon photonics process. The initial process development kit (PDK) is planned in 2021, with multi-project wafer runs (MPWs) following in 2022. The co-integration of lasers and amplifiers with silicon photonics at the circuit element level will improve overall power efficiency, eliminate traditional design constraints such as on-chip loss budgets, simplify packaging, and make possible new product architectures and functionalities. For example, a silicon photonic transceiver or sensor product with integrated lasers will be capable of complete self-test at the chip or wafer level. These advantages are further enhanced by employing semiconductor quantum-dots as the active optical gain media, which enables devices with greater reliability, lower noise, and the ability to operate efficiently at higher temperatures. The augmented PH18 process is part of DARPA’s Lasers for Universal Microscale Optical Systems (LUMOS) program, which aims to bring high-performance lasers to advanced photonics platforms, addressing commercial and defense applications.

Neutral

Novosense Selects Tower Semiconductor for Volume Manufacturing of their Magnetic Sensor for the Automotive On-board Charger Market

2021-08-25 10:00:00

Novosense and Tower Semiconductor announced the development of hall sensor for the automotive market utilizing Tower’s best-in-class 180nm analog platform. The new product will be integrated in an On-Board Charging (OBC) unit in plug-in hybrid and battery-operated electric vehicles, a market expected to reach ~30 million cars worldwide by 2024. The product is already being verified by selected China vehicle manufacturers. This is the first generation of wide-body 16-pin hall current sensor automotive-grade NSM2011, designed by Novosense. Achieving leading performance advantages compared with other competing products in the market, including low noise and high signal bandwidth of 240kHz, as well as superb precision drift performance at high temperature, which is conducive to its application in automotive OBC systems functioning at outdoor high-temperature conditions. The hall sensor market value is expected to reach approx. $1.6 billion by 2022. Tower Semiconductor'sTS18 platform provides advanced process nodes as well as mature IPs designed for the automotive market requirements and specifications, allowing a fast and professional development cycle including the verification cycle of vehicle-specification level IC. The TS18 platform benefits from best-in-class analog performance with its low power high efficiency and low noise performance, highly suitable for the automotive and industrial markets.

Neutral

Tower Semiconductor Ltd. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Aug-31-2021

2021-08-18 18:45:00

Tower Semiconductor Ltd. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Aug-31-2021 .

Neutral

Tower Semiconductor Ltd. Provides Revenue Guidance for the Third Quarter of 2021

2021-08-02 11:00:00

Tower Semiconductor Ltd. provided revenue guidance for the third quarter of 2021. The company guides revenue for the third quarter of 2021 to be $385 million, with an upward or downward range of 5%. Mid-range revenue guidance represents year over year 24% total growth and 38% organic growth.

Neutral

Tower Semiconductor Ltd. to Report Q2, 2021 Results on Aug 02, 2021

2021-07-12 10:30:00

Tower Semiconductor Ltd. announced that they will report Q2, 2021 results on Aug 02, 2021

Neutral

Tower Semiconductor Ltd., Q2 2021 Earnings Call, Aug 02, 2021

2021-07-12 10:30:00

Tower Semiconductor Ltd., Q2 2021 Earnings Call, Aug 02, 2021

Fundamental Summary

When Tower Semiconductor released their Q1 results on 2022-05-16, some of the data looked concerning. Separately, their income and value factors looked problematic, but the overall picture statistically showed relatively outstanding metrics when also considering income factors and their peers' comparative stature and performance. In statistics, this is called the Simpson Paradox (https://www.britannica.com/topic/Simpsons-paradox). We give Tower Semiconductor a 79 rating and a BUY recommendation.

Tower Semiconductor reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 421.13 million compared to USD 347.21 million a year ago. Net income was USD 54.03 million compared to USD 28.32 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.26 a year ago.

Business Description

Tower Semiconductor, an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, other Asia countries, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The company also offers wafer fabrication services and design enablement platform for design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.

Sector Overview

Tower Semiconductor is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Tower Semiconductor's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 2,270.2 1.7% 72
Liabilities 612.5 -0.5% 68
Price to Book 3.1 15.7% 58
Cash & Equivalents 203.5 -3.5% 61
Equity 1,657.7 2.6% 69
EBITDA 484.1 10.7% 87
Total Revenues 1,582.1 4.9% 63
Parameter Value Change Score
Return on Equity 11.4 14.0% 82
Net Cashflow -12.1 -1506.5% 76
Capital Expenditure -310.7 -11.3% 55
Asset Turnover 0.7 4.4% 59
Free Cashflow 1.2 -12.0% 57

* All values are TTM

The below chart reflects Tower Semiconductor's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Tower Semiconductor's peer average final assessment score stands on 70.0, Tower Semiconductor's score is 79.

  •  TSEM
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
NVIDIA Corporation 400.2B 71 63 82
Hold
76
76 0 1
Intel Corporation 154.5B 77 76 58
Hold
75
75 1 1
QUALCOMM Incorporated 147.4B 82 66 77
Buy
82
82 2 1
Texas Instruments Incorporated 142.2B 76 74 70
Buy
80
80 3 1
Advanced Micro Devices, Inc. 130.9B 88 59 57
Hold
68
68 4 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 5 1
Applied Materials, Inc. 82.7B 60 72 69
Hold
69
69 6 1
Analog Devices, Inc. 77.2B 69 65 84
Hold
78
78 7 1
Micron Technology, Inc. 64.6B 81 74 80
Strong Buy
89
89 8 1
Lam Research Corporation 60.8B 60 74 69
Hold
70
70 9 1
KLA Corporation 49.3B 66 67 74
Hold
72
72 10 1
NXP Semiconductors N.V. 40.5B 64 71 73
Hold
73
73 11 1
Marvell Technology, Inc. 38.5B 60 64 65
Hold
62
62 12 1
Microchip Technology Incorporated 33.0B 79 71 79
Buy
85
85 13 1
GLOBALFOUNDRIES Inc. 23.9B 78 70 63
Hold
75
75 14 1
ON Semiconductor Corporation 22.9B 81 73 70
Buy
82
82 15 1
Monolithic Power Systems, Inc. 18.5B 84 66 77
Buy
83
83 16 1
Skyworks Solutions, Inc. 15.5B 62 70 71
Hold
70
70 17 1
SolarEdge Technologies, Inc. 15.5B 81 53 43
Underperform
53
53 18 1
Teradyne, Inc. 15.3B 52 75 68
Hold
66
66 19 1
Entegris, Inc. 14.1B 70 69 65
Hold
70
70 20 1
Qorvo, Inc. 10.2B 67 72 73
Hold
75
75 21 1
First Solar, Inc. 7.2B 59 73 53
Underperform
60
60 22 1
Lattice Semiconductor Corporation 6.8B 68 71 77
Hold
78
78 23 1
MKS Instruments, Inc. 5.8B 70 74 59
Hold
70
70 24 1
Silicon Laboratories Inc. 5.3B 72 70 86
Buy
84
84 25 1
Universal Display Corporation 5.2B 75 68 71
Hold
76
76 26 1
CMC Materials, Inc. 5.1B 81 76 74
Strong Buy
87
87 27 1
Synaptics Incorporated 4.9B 81 68 66
Hold
76
76 28 1
Power Integrations, Inc. 4.4B 61 80 82
Buy
82
82 29 1
Amkor Technology, Inc. 4.2B 75 70 60
Hold
71
71 30 1
Cirrus Logic, Inc. 4.1B 86 67 90
Strong Buy
92
92 31 1
Allegro MicroSystems, Inc. 4.0B 74 61 56
Hold
62
62 32 1
Semtech Corporation 3.5B 67 75 77
Buy
80
80 33 1
MACOM Technology Solutions Holdings, Inc. 3.3B 70 76 68
Hold
77
77 34 1
FormFactor, Inc. 3.1B 84 80 67
Strong Buy
87
87 35 1
Diodes Incorporated 3.0B 62 76 72
Hold
75
75 36 1
SunPower Corporation 3.0B 61 49 74
Underperform
56
56 37 1
Silicon Motion Technology Corporation 2.8B 54 72 61
Hold
65
65 38 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 39 1
Nova Ltd. 2.7B 61 69 54
Hold
64
64 40 1
Ambarella, Inc. 2.6B 64 72 79
Hold
77
77 41 1
Kulicke and Soffa Industries, Inc. 2.6B 58 79 82
Buy
80
80 42 1
Rambus Inc. 2.4B 48 64 89
Hold
69
69 43 1
Canadian Solar Inc. 2.0B 59 72 71
Hold
71
71 44 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 45 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 46 1
Himax Technologies, Inc. 1.6B 77 70 66
Buy
79
79 47 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 48 1
Ultra Clean Holdings, Inc. 1.4B 63 63 61
Hold
60
60 49 1
Cohu, Inc. 1.3B 58 75 59
Hold
64
64 50 1
Photronics, Inc. 1.2B 69 71 82
Buy
81
81 51 1
SMART Global Holdings, Inc. 1.0B 86 65 62
Hold
75
75 52 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 53 1
Alpha and Omega Semiconductor Limited 929.5M 77 69 54
Hold
68
68 54 1
PDF Solutions, Inc. 808.6M 63 71 89
Buy
82
82 55 1
CEVA, Inc. 778.5M 73 71 71
Hold
77
77 56 1
Ichor Holdings, Ltd. 754.1M 60 67 58
Underperform
59
59 57 1
Maxeon Solar Technologies, Ltd. 575.9M 53 49 84
Hold
60
60 58 1
Enphase Energy, Inc. 25.7B 58 57 60
Underperform
52
52 59 1
Wolfspeed, Inc. 8.2B 74 69 55
Hold
66
66 60 1
Daqo New Energy Corp. 5.0B 93 65 89
Strong Buy
95
95 61 1
SiTime Corporation 3.6B 59 64 62
Underperform
59
59 62 1
Onto Innovation Inc. 3.6B 78 67 85
Buy
85
85 63 1
JinkoSolar Holding Co., Ltd. 3.2B 89 62 74
Buy
81
81 64 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 65 1
ACM Research, Inc. 917.6M 52 67 50
Underperform
50
50 66 1
NeoPhotonics Corporation 838.5M 66 69 71
Hold
72
72 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 68 1
indie Semiconductor, Inc. 720.1M 44 43 85
Underperform
49
49 69 1
Magnachip Semiconductor Corporation 667.1M 74 90 57
Buy
82
82 70 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 71 1
Navitas Semiconductor Corporation 533.1M 67 53 90
Hold
72
72 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 73 1
Rigetti Computing, Inc. 413.5M 98 72 58
Buy
84
84 74 1
Meta Materials Inc. 396.9M 42 43 84
Underperform
47
47 75 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 76 1
Valens Semiconductor Ltd. 357.2M 75 65 66
Hold
75
75 77 1
Rockley Photonics Holdings Limited 305.7M 42 79 60
Underperform
59
59 78 1
CyberOptics Corporation 272.8M 75 71 72
Hold
78
78 79 1
Transphorm, Inc. 255.8M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Tower Semiconductor's stock is now priced above its 200-day, but below its 5-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the long-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Tower Semiconductor's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.

Bearish 57
Close Price 46.55
52W Low 26.09
52W High 49.12
5D MA 46.64
50D MA 47.5
200D MA 40.66
MACD -0.25
RSI 7.94
STOCH 9.21

Balance Sheet Analysis

Assets and Equity stood out as the most significant drivers of Tower Semiconductor's balance sheet strength. The company's assets section could set high expectations for Tower Semiconductor's future attractiveness, as they went to 2270.2, which is a 1.7% change from the last period. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. Therefore, its asset component earned a score of 72. Also, Tower Semiconductor reported solid equity numbers this period. At filing, equity was reported as 1657.7, representing 2.6% change from the previous period. This parameter often affects companies in the same industry and market capitalization by up to 7.7%. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. The company's equity movement component, therefore, received a grade of 69. On the other hand, Book Value Factors, jumped out as looking problematic. Tower Semiconductor publishes concerning book value factor metrics in this report. price to book ratio (P/B) now sits at 3.1 and represents 15.7% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 0.8%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Therefore, their book value factors earned a score of 58. Therefore, we scored their balance sheet a 65.

Parameter Value Change Score
Assets 2,270.2 1.7% 72
Liabilities 612.5 -0.5% 68
Price to Book 3.1 15.7% 58
Cash & Equivalents 203.5 -3.5% 61
Equity 1,657.7 2.6% 69
* All values are TTM

The below chart describes Tower Semiconductor's performance as reflected on its balance sheet with respect to its peers. While Tower Semiconductor received a balance sheet score of 65, the average of its peers stands on 68.0.

  •  TSEM
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
NVIDIA Corporation 400.2B 78 70 65 97 54 71 0 1
Intel Corporation 154.5B 65 69 76 90 81 77 1 1
QUALCOMM Incorporated 147.4B 57 71 96 80 80 82 2 1
Texas Instruments Incorporated 142.2B 63 69 87 46 84 76 3 1
Advanced Micro Devices, Inc. 130.9B 93 61 78 96 80 88 4 1
Broadcom Inc. 102.5B 67 79 58 56 55 62 5 1
Applied Materials, Inc. 82.7B 71 72 63 41 55 60 6 1
Analog Devices, Inc. 77.2B 62 80 66 66 66 69 7 1
Micron Technology, Inc. 64.6B 73 69 85 76 74 81 8 1
Lam Research Corporation 60.8B 72 77 58 51 45 60 9 1
KLA Corporation 49.3B 75 62 73 53 66 66 10 1
NXP Semiconductors N.V. 40.5B 71 68 56 62 76 64 11 1
Marvell Technology, Inc. 38.5B 71 84 50 46 51 60 12 1
Microchip Technology Incorporated 33.0B 65 84 76 72 66 79 13 1
GLOBALFOUNDRIES Inc. 23.9B 81 65 74 82 74 78 14 1
ON Semiconductor Corporation 22.9B 74 68 77 89 82 81 15 1
Monolithic Power Systems, Inc. 18.5B 85 64 76 92 80 84 16 1
Skyworks Solutions, Inc. 15.5B 69 77 63 46 52 62 17 1
SolarEdge Technologies, Inc. 15.5B 77 62 78 96 85 81 18 1
Teradyne, Inc. 15.3B 49 81 62 45 47 52 19 1
Entegris, Inc. 14.1B 62 70 75 55 78 70 20 1
Qorvo, Inc. 10.2B 64 83 64 67 55 67 21 1
First Solar, Inc. 7.2B 76 70 50 58 58 59 22 1
Lattice Semiconductor Corporation 6.8B 53 79 78 60 64 68 23 1
MKS Instruments, Inc. 5.8B 60 73 73 76 72 70 24 1
Silicon Laboratories Inc. 5.3B 89 81 59 45 48 72 25 1
Universal Display Corporation 5.2B 57 76 83 85 69 75 26 1
CMC Materials, Inc. 5.1B 65 78 73 87 82 81 27 1
Synaptics Incorporated 4.9B 71 71 79 92 76 81 28 1
Power Integrations, Inc. 4.4B 56 82 58 79 53 61 29 1
Amkor Technology, Inc. 4.2B 70 68 75 74 77 75 30 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 73 86 31 1
Allegro MicroSystems, Inc. 4.0B 68 69 74 81 76 74 32 1
Semtech Corporation 3.5B 58 79 68 67 64 67 33 1
MACOM Technology Solutions Holdings, Inc. 3.3B 65 75 74 38 74 70 34 1
FormFactor, Inc. 3.1B 72 70 84 82 80 84 35 1
Diodes Incorporated 3.0B 47 78 71 51 71 62 36 1
SunPower Corporation 3.0B 72 81 42 83 54 61 37 1
Silicon Motion Technology Corporation 2.8B 40 85 60 40 48 54 38 1
MaxLinear, Inc. 2.7B 68 71 75 85 74 76 39 1
Nova Ltd. 2.7B 86 45 75 48 82 61 40 1
Ambarella, Inc. 2.6B 46 75 74 86 65 64 41 1
Kulicke and Soffa Industries, Inc. 2.6B 46 83 60 76 56 58 42 1
Rambus Inc. 2.4B 43 83 41 95 54 48 43 1
Canadian Solar Inc. 2.0B 91 54 59 62 62 59 44 1
Axcelis Technologies, Inc. 1.9B 76 68 84 71 73 81 45 1
Credo Technology Group Holding Ltd 1.7B 94 61 78 79 86 88 46 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 47 1
Impinj, Inc. 1.4B 63 68 79 39 92 72 48 1
Ultra Clean Holdings, Inc. 1.4B 56 78 69 48 67 63 49 1
Cohu, Inc. 1.3B 53 82 57 59 58 58 50 1
Photronics, Inc. 1.2B 53 85 66 76 66 69 51 1
SMART Global Holdings, Inc. 1.0B 89 63 75 95 82 86 52 1
Veeco Instruments Inc. 1.0B 84 71 41 78 47 58 53 1
Alpha and Omega Semiconductor Limited 929.5M 89 63 68 87 67 77 54 1
PDF Solutions, Inc. 808.6M 54 81 63 90 51 63 55 1
CEVA, Inc. 778.5M 81 74 60 87 60 73 56 1
Ichor Holdings, Ltd. 754.1M 59 76 66 38 63 60 57 1
Maxeon Solar Technologies, Ltd. 575.9M 87 68 40 78 38 53 58 1
Enphase Energy, Inc. 25.7B 89 60 39 97 56 58 59 1
Wolfspeed, Inc. 8.2B 96 63 59 97 55 74 60 1
Daqo New Energy Corp. 5.0B 91 62 81 95 93 93 61 1
SiTime Corporation 3.6B 57 67 66 73 64 59 62 1
Onto Innovation Inc. 3.6B 83 70 67 72 73 78 63 1
JinkoSolar Holding Co., Ltd. 3.2B 86 62 77 94 94 89 64 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 65 1
ACM Research, Inc. 917.6M 87 57 51 43 50 52 66 1
NeoPhotonics Corporation 838.5M 89 66 49 72 64 66 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 68 1
indie Semiconductor, Inc. 720.1M 48 54 72 56 55 44 69 1
Magnachip Semiconductor Corporation 667.1M 56 78 79 72 72 74 70 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 71 1
Navitas Semiconductor Corporation 533.1M 37 80 80 62 79 67 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 73 1
Rigetti Computing, Inc. 413.5M 93 62 85 99 98 98 74 1
Meta Materials Inc. 396.9M 51 78 42 41 51 42 75 1
Helix Technology Corporation 364.9M 65 78 79 85 52 65 76 1
Valens Semiconductor Ltd. 357.2M 92 70 66 45 72 75 77 1
Rockley Photonics Holdings Limited 305.7M 49 82 40 37 52 42 78 1
CyberOptics Corporation 272.8M 71 66 72 64 86 75 79 1
Transphorm, Inc. 255.8M 41 86 39 47 54 45 80 1

Income Statement Analysis

EBITDA and Return Factors stand out as the most significant drivers of Tower Semiconductor's income statement's strength. Tower Semiconductor reported impressive EBITDA this period. At filing, EBITDA was reported as 484.1, representing 10.7% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 17.7%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. The company's EBITDA movement, therefore, received a grade of 87. Also, Return factors metrics and ratios were exceptional in this report. Tower Semiconductor reported a return on equity (ROE) ratio of 11.4, representing a change of 14.0% from the last report. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 82. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Tower Semiconductor's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 15.7 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Its revenue efficiency, therefore, received a grade of 63. Therefore, their income statement earned a grade of 79.

Parameter Value Change Score
EBITDA 484.1 10.7% 87
Total Revenues 1,582.1 4.9% 63
Return on Equity 11.4 14.0% 82
* All values are TTM

The below chart describes Tower Semiconductor's performance as reflected on its income statement with respect to its peers. While Tower Semiconductor received a income statement score of 79 , the average of its peers stands on 68.0.

  •  TSEM
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
NVIDIA Corporation 400.2B 46 83 67 63 0 1
Intel Corporation 154.5B 90 55 74 76 1 1
QUALCOMM Incorporated 147.4B 48 87 78 66 2 1
Texas Instruments Incorporated 142.2B 69 78 70 74 3 1
Advanced Micro Devices, Inc. 130.9B 40 89 38 59 4 1
Broadcom Inc. 102.5B 59 80 90 71 5 1
Applied Materials, Inc. 82.7B 72 68 73 72 6 1
Analog Devices, Inc. 77.2B 40 91 92 65 7 1
Micron Technology, Inc. 64.6B 59 87 90 74 8 1
Lam Research Corporation 60.8B 80 64 75 74 9 1
KLA Corporation 49.3B 56 77 76 67 10 1
NXP Semiconductors N.V. 40.5B 59 79 90 71 11 1
Marvell Technology, Inc. 38.5B 41 89 87 64 12 1
Microchip Technology Incorporated 33.0B 57 83 92 71 13 1
GLOBALFOUNDRIES Inc. 23.9B 50 92 86 70 14 1
ON Semiconductor Corporation 22.9B 53 92 94 73 15 1
Monolithic Power Systems, Inc. 18.5B 45 90 83 66 16 1
Skyworks Solutions, Inc. 15.5B 69 71 63 70 17 1
SolarEdge Technologies, Inc. 15.5B 41 70 48 53 18 1
Teradyne, Inc. 15.3B 88 57 62 75 19 1
Entegris, Inc. 14.1B 56 80 80 69 20 1
Qorvo, Inc. 10.2B 76 65 63 72 21 1
First Solar, Inc. 7.2B 98 43 40 73 22 1
Lattice Semiconductor Corporation 6.8B 54 88 89 71 23 1
MKS Instruments, Inc. 5.8B 78 67 65 74 24 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 25 1
Universal Display Corporation 5.2B 71 64 61 68 26 1
CMC Materials, Inc. 5.1B 72 75 93 76 27 1
Synaptics Incorporated 4.9B 45 91 90 68 28 1
Power Integrations, Inc. 4.4B 80 76 82 80 29 1
Amkor Technology, Inc. 4.2B 63 76 77 70 30 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 31 1
Allegro MicroSystems, Inc. 4.0B 68 48 69 61 32 1
Semtech Corporation 3.5B 64 84 87 75 33 1
MACOM Technology Solutions Holdings, Inc. 3.3B 74 77 72 76 34 1
FormFactor, Inc. 3.1B 79 76 83 80 35 1
Diodes Incorporated 3.0B 66 83 86 76 36 1
SunPower Corporation 3.0B 49 43 74 49 37 1
Silicon Motion Technology Corporation 2.8B 54 83 78 72 38 1
MaxLinear, Inc. 2.7B 56 92 96 75 39 1
Nova Ltd. 2.7B 41 89 78 69 40 1
Ambarella, Inc. 2.6B 56 89 79 72 41 1
Kulicke and Soffa Industries, Inc. 2.6B 73 82 85 79 42 1
Rambus Inc. 2.4B 48 86 60 64 43 1
Canadian Solar Inc. 2.0B 73 76 53 72 44 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 45 1
Credo Technology Group Holding Ltd 1.7B 38 88 61 60 46 1
Himax Technologies, Inc. 1.6B 53 84 66 70 47 1
Impinj, Inc. 1.4B 64 53 51 59 48 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 49 1
Cohu, Inc. 1.3B 92 53 49 75 50 1
Photronics, Inc. 1.2B 55 86 92 71 51 1
SMART Global Holdings, Inc. 1.0B 48 87 66 65 52 1
Veeco Instruments Inc. 1.0B 66 84 91 76 53 1
Alpha and Omega Semiconductor Limited 929.5M 62 75 76 69 54 1
PDF Solutions, Inc. 808.6M 49 95 88 71 55 1
CEVA, Inc. 778.5M 51 90 97 71 56 1
Ichor Holdings, Ltd. 754.1M 72 60 54 67 57 1
Maxeon Solar Technologies, Ltd. 575.9M 50 49 60 49 58 1
Enphase Energy, Inc. 25.7B 45 74 55 57 59 1
Wolfspeed, Inc. 8.2B 49 90 86 69 60 1
Daqo New Energy Corp. 5.0B 37 95 94 65 61 1
SiTime Corporation 3.6B 40 93 78 64 62 1
Onto Innovation Inc. 3.6B 47 87 89 67 63 1
JinkoSolar Holding Co., Ltd. 3.2B 38 89 82 62 64 1
Camtek Ltd. 1.1B 50 81 71 68 65 1
ACM Research, Inc. 917.6M 88 43 42 67 66 1
NeoPhotonics Corporation 838.5M 45 95 90 69 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 68 1
indie Semiconductor, Inc. 720.1M 37 46 71 43 69 1
Magnachip Semiconductor Corporation 667.1M 94 80 88 90 70 1
Mykrolis Corp. 657.1M 68 68 58 67 71 1
Navitas Semiconductor Corporation 533.1M 56 44 74 53 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 73 1
Rigetti Computing, Inc. 413.5M 92 43 69 72 74 1
Meta Materials Inc. 396.9M 37 45 72 43 75 1
Helix Technology Corporation 364.9M 89 47 50 74 76 1
Valens Semiconductor Ltd. 357.2M 41 86 65 65 77 1
Rockley Photonics Holdings Limited 305.7M 97 50 85 79 78 1
CyberOptics Corporation 272.8M 54 86 87 71 79 1
Transphorm, Inc. 255.8M 37 81 97 68 80 1

Cash Flow Analysis

Two main cash flow metrics, Net Cash Flow and Asset Turnover, are driving the positive outlook for Tower Semiconductor's financial strength. Tower Semiconductor presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of -12.1, which is a change of -1506.5% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. The company's net cash flow, therefore, received a grade of 76. Also, Tower Semiconductor's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Tower Semiconductor recorded asset turnover of 0.7, which represents a 4.4% change from the previous report. This metric might have a 2.2 percent impact on companies in the same industry and with the same market capitalization. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Therefore, its asset turnover movement earned a score of 59. On the other hand, Capital Expenditure, jumped out as looking rather underwhelming. Tower Semiconductor's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -310.7, which represents a -11.3% change from the last period. This performance is all the more uninspiring relative to their peers and competitors. Consequently, their CapEx movement received a grade of 55. Therefore, we scored the company's cash flow a 68.

Parameter Value Change Score
Net Cashflow -12.1 -1506.5% 76
Capital Expenditure -310.7 -11.3% 55
Asset Turnover 0.7 4.4% 59
Free Cashflow 1.2 -12.0% 57
* All values are TTM

The below chart describes Tower Semiconductor's performance as reflected on its cash flow with respect to its peers. While Tower Semiconductor received a cash flow score of 68, the average of its peers stands on 73.0.

  •  TSEM
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
NVIDIA Corporation 400.2B 93 65 61 86 82 0 1
Intel Corporation 154.5B 58 72 68 53 58 1 1
QUALCOMM Incorporated 147.4B 65 65 70 87 77 2 1
Texas Instruments Incorporated 142.2B 74 74 63 69 70 3 1
Advanced Micro Devices, Inc. 130.9B 93 66 69 37 57 4 1
Broadcom Inc. 102.5B 75 76 87 89 85 5 1
Applied Materials, Inc. 82.7B 75 59 69 72 69 6 1
Analog Devices, Inc. 77.2B 78 76 51 94 84 7 1
Micron Technology, Inc. 64.6B 81 85 81 74 80 8 1
Lam Research Corporation 60.8B 72 60 56 75 69 9 1
KLA Corporation 49.3B 70 76 52 79 74 10 1
NXP Semiconductors N.V. 40.5B 59 72 51 85 73 11 1
Marvell Technology, Inc. 38.5B 94 84 58 46 65 12 1
Microchip Technology Incorporated 33.0B 80 79 48 84 79 13 1
GLOBALFOUNDRIES Inc. 23.9B 54 86 45 64 63 14 1
ON Semiconductor Corporation 22.9B 60 79 55 74 70 15 1
Monolithic Power Systems, Inc. 18.5B 84 78 59 74 77 16 1
Skyworks Solutions, Inc. 15.5B 78 57 79 73 71 17 1
SolarEdge Technologies, Inc. 15.5B 46 38 55 52 43 18 1
Teradyne, Inc. 15.3B 75 65 66 68 68 19 1
Entegris, Inc. 14.1B 61 57 50 76 65 20 1
Qorvo, Inc. 10.2B 78 65 87 71 73 21 1
First Solar, Inc. 7.2B 47 85 56 46 53 22 1
Lattice Semiconductor Corporation 6.8B 79 77 43 82 77 23 1
MKS Instruments, Inc. 5.8B 58 58 92 56 59 24 1
Silicon Laboratories Inc. 5.3B 71 89 81 87 86 25 1
Universal Display Corporation 5.2B 75 81 68 65 71 26 1
CMC Materials, Inc. 5.1B 72 66 68 80 74 27 1
Synaptics Incorporated 4.9B 85 62 98 55 66 28 1
Power Integrations, Inc. 4.4B 88 77 64 82 82 29 1
Amkor Technology, Inc. 4.2B 46 57 62 71 60 30 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 90 31 1
Allegro MicroSystems, Inc. 4.0B 56 56 77 56 56 32 1
Semtech Corporation 3.5B 79 78 58 79 77 33 1
MACOM Technology Solutions Holdings, Inc. 3.3B 46 78 54 78 68 34 1
FormFactor, Inc. 3.1B 78 81 66 58 67 35 1
Diodes Incorporated 3.0B 77 61 52 80 72 36 1
SunPower Corporation 3.0B 84 41 39 93 74 37 1
Silicon Motion Technology Corporation 2.8B 63 53 46 85 61 38 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 39 1
Nova Ltd. 2.7B 58 53 39 58 54 40 1
Ambarella, Inc. 2.6B 84 95 45 75 79 41 1
Kulicke and Soffa Industries, Inc. 2.6B 93 81 83 74 82 42 1
Rambus Inc. 2.4B 96 73 89 88 89 43 1
Canadian Solar Inc. 2.0B 69 70 74 66 71 44 1
Axcelis Technologies, Inc. 1.9B 81 77 68 84 82 45 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 46 1
Himax Technologies, Inc. 1.6B 66 77 48 77 66 47 1
Impinj, Inc. 1.4B 70 38 85 73 65 48 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 61 49 1
Cohu, Inc. 1.3B 92 62 71 44 59 50 1
Photronics, Inc. 1.2B 65 92 96 79 82 51 1
SMART Global Holdings, Inc. 1.0B 48 85 95 53 62 52 1
Veeco Instruments Inc. 1.0B 74 82 48 69 71 53 1
Alpha and Omega Semiconductor Limited 929.5M 49 64 45 60 54 54 1
PDF Solutions, Inc. 808.6M 81 98 45 92 89 55 1
CEVA, Inc. 778.5M 57 54 84 83 71 56 1
Ichor Holdings, Ltd. 754.1M 51 37 87 70 58 57 1
Maxeon Solar Technologies, Ltd. 575.9M 87 90 59 88 84 58 1
Enphase Energy, Inc. 25.7B 89 77 64 41 60 59 1
Wolfspeed, Inc. 8.2B 57 74 76 46 55 60 1
Daqo New Energy Corp. 5.0B 78 86 63 96 89 61 1
SiTime Corporation 3.6B 83 87 56 44 62 62 1
Onto Innovation Inc. 3.6B 94 65 88 85 85 63 1
JinkoSolar Holding Co., Ltd. 3.2B 68 69 73 78 74 64 1
Camtek Ltd. 1.1B 69 70 74 72 71 65 1
ACM Research, Inc. 917.6M 61 43 50 54 50 66 1
NeoPhotonics Corporation 838.5M 50 63 67 87 71 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 68 1
indie Semiconductor, Inc. 720.1M 69 80 52 98 85 69 1
Magnachip Semiconductor Corporation 667.1M 65 56 76 54 57 70 1
Mykrolis Corp. 657.1M 65 69 68 82 75 71 1
Navitas Semiconductor Corporation 533.1M 70 87 94 93 90 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 73 1
Rigetti Computing, Inc. 413.5M 48 76 51 60 58 74 1
Meta Materials Inc. 396.9M 85 56 68 97 84 75 1
Helix Technology Corporation 364.9M 75 62 63 56 61 76 1
Valens Semiconductor Ltd. 357.2M 53 89 90 47 66 77 1
Rockley Photonics Holdings Limited 305.7M 79 72 66 47 60 78 1
CyberOptics Corporation 272.8M 49 74 89 77 72 79 1
Transphorm, Inc. 255.8M 81 88 96 95 88 80 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.