2413:TSEM3, Inc. Analysis

The stock is trading at ¥1,620.5, which sits below its 20‑day (¥1,628.98), 50‑day (¥1,857.62) and 200‑day (¥2,084.28) simple moving averages, signalling a short‑term bearish bias. Nevertheless, the MACD line has crossed above its signal line, producing a positive histogram of ¥18.73 and a “bullish” label, hinting at emerging upward momentum. The 14‑day RSI sits at 40.3, comfortably above oversold territory but still leaving room for upside. Technical support is identified near ¥1,495 and resistance near ¥1,764, framing the current price corridor. Volatility is elevated at roughly 47% over the past 30 days, while the beta of ~0.38 indicates the stock moves less than the broader market.
On the fundamentals side, revenue grew 15.9% year‑over‑year to ¥343.8 bn, with a healthy gross margin of 50.4% and operating margin of 27.8%. Net profit margin stands at 14.4% and ROE at 12.5%, underscoring efficient earnings generation. The balance sheet is strong, with cash of ¥144.3 bn dwarfing debt of ¥33.8 bn, resulting in a net‑cash position that mitigates financial risk. The trailing P/E of 24.45 is slightly below the industry average of 25.15, and the forward P/E of 22.62 suggests modest undervaluation. A dividend yield of 1.27% is supported by a 31% payout ratio, indicating sustainability. Analyst consensus projects a median price target of ¥2,590, implying upside of roughly 56%, and the market sentiment index reads “Extreme Greed” at 78.16.