NASDAQ:TSEMTower Semiconductor Stock Price, Forecast & News

Tower Semiconductor's stock was trading at $16.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TSEM shares have increased by 29.5% and is now trading at $21.29.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tower Semiconductor in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Tower Semiconductor is scheduled to release its next quarterly earnings announcement on Wednesday, November 11th 2020.
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Tower Semiconductor Ltd. (NASDAQ:TSEM) issued its earnings results on Wednesday, July, 29th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The semiconductor company had revenue of $310.09 million for the quarter, compared to analysts' expectations of $310 million. Tower Semiconductor had a return on equity of 5.95% and a net margin of 6.43%.
View Tower Semiconductor's earnings history.

Tower Semiconductor updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $320-320 million, compared to the consensus revenue estimate of $321.88 million.

3 brokers have issued 1-year price targets for Tower Semiconductor's shares. Their forecasts range from $21.00 to $25.00. On average, they expect Tower Semiconductor's share price to reach $23.67 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
View analysts' price targets for Tower Semiconductor.

Media headlines about TSEM stock have been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tower Semiconductor earned a media sentiment score of -1.8 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Tower Semiconductor.

Some companies that are related to Tower Semiconductor include Enphase Energy (ENPH), IPG Photonics (IPGP), Cree (CREE), First Solar (FSLR), Inphi (IPHI), Cabot Microelectronics (CCMP), Silicon Laboratories (SLAB), SUMCO CORP/ADR (SUOPY), Semtech (SMTC), Lattice Semiconductor (LSCC), Cirrus Logic (CRUS), Dialog Semiconductor (DLGNF), Power Integrations (POWI), BE Semiconductor Industrs (BESIY) and Viavi Solutions (VIAV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Tower Semiconductor investors own include Micron Technology (MU), Alibaba Group (BABA), Northern Tier Energy (NTI), NVIDIA (NVDA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), VASCO Data Security International (VDSI), Intel (INTC), Marvell Technology Group (MRVL) and ON Semiconductor (ON).

Tower Semiconductor trades on the NASDAQ under the ticker symbol "TSEM."

Tower Semiconductor's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Macquarie Group Ltd. (3.14%), Vanguard Group Inc. (2.76%), Shelter Haven Capital Management L.P. (2.49%), Phoenix Holdings Ltd. (2.05%), Jennison Associates LLC (1.78%) and Harel Insurance Investments & Financial Services Ltd. (1.14%).

TSEM stock was sold by a variety of institutional investors in the last quarter, including Tygh Capital Management Inc., Envestnet Asset Management Inc., Vanguard Group Inc., Hodges Capital Management Inc., Russell Investments Group Ltd., US Bancorp DE, Bank of New York Mellon Corp, and Edmond DE Rothschild Holding S.A..

TSEM stock was acquired by a variety of institutional investors in the last quarter, including Fort Washington Investment Advisors Inc. OH, Jennison Associates LLC, Macquarie Group Ltd., Shelter Haven Capital Management L.P., Meitav Dash Investments Ltd., Marshall Wace LLP, Harel Insurance Investments & Financial Services Ltd., and Goldman Sachs Group Inc..

Shares of TSEM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TSEM stock can currently be purchased for approximately $21.29.

Tower Semiconductor has a market capitalization of $2.27 billion and generates $1.23 billion in revenue each year. The semiconductor company earns $90.05 million in net income (profit) each year or $0.87 on an earnings per share basis. Tower Semiconductor employs 5,279 workers across the globe.

The official website for Tower Semiconductor is www.towerjazz.com.

Tower Semiconductor's mailing address is RAMAT GAVRIEL INDUSTRIAL PARK PO BOX 619, MIGDAL HAEMEK L3, 2310502. The semiconductor company can be reached via phone at 972-4650-6109 or via email at [email protected]