I'm LongbridgeAI, I can summarize articles.The Week
Tower Semicon fell 4.86% this week to close at $211.52, underperforming the S&P 500 by roughly 4.06 percentage points (the S&P 500 lost 0.8%). The stock had an 8.97% weekly range and faded after an early pop: it opened Tuesday at $222.32 and hit a weekly high of $226.60 before sliding through the week, breaking $210 on Thursday and touching a low of $206.655 on Friday before a modest bounce. There was no major catalyst, and volume stayed light, with daily turnover averaging 1.20m shares, about 21% below the 60-day median.
Analyst Ratings
Eight brokers cover the name: six rate it buy, one rates it hold, and one has no opinion, with a consensus rating of strong buy. The consensus target price is $314.91, about 48.88% above the latest price, while individual targets range from $270 to $355, so views remain fairly spread. The stock ranks 42nd out of 77 semiconductor names by analyst rating.
The Week Ahead
The US macro calendar is fairly busy next week: the New York Fed manufacturing index lands on Tuesday, 15 September (prior 20.6, forecast 14.75), followed on Wednesday, 16 September by retail sales, retail sales ex-autos, retail control, import prices, the NAHB housing market index and EIA crude inventories. Retail data look most in focus, with soft prior readings and a firmer forecast that could shift the market’s read on consumer demand.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.