Tower Semiconductor Stock Forecast, Price & 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 (WHO). Since then, TSEM shares have increased by 13.4% and is now trading at $18.64.
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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.
View our earnings forecast for Tower Semiconductor.

Tower Semiconductor Ltd. (NASDAQ:TSEM) announced its quarterly earnings data on Wednesday, July, 29th. The semiconductor company reported $0.22 EPS for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.03. The semiconductor company had revenue of $310.09 million for the quarter, compared to analyst estimates of $310 million. Tower Semiconductor had a net margin of 6.43% and a return on equity of 5.95%.
View Tower Semiconductor's earnings history.

Tower Semiconductor issued an update on 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 brokerages have issued twelve-month price targets for Tower Semiconductor's shares. Their forecasts range from $21.00 to $25.00. On average, they anticipate Tower Semiconductor's share price to reach $23.67 in the next year. This suggests a possible upside of 27.0% from the stock's current price.
View analysts' price targets for Tower Semiconductor.

Some companies that are related to Tower Semiconductor include First Solar (FSLR), Cree (CREE), Inphi (IPHI), Silicon Laboratories (SLAB), Cabot Microelectronics (CCMP), SUMCO CORP/ADR (SUOPY), Lattice Semiconductor (LSCC), AU Optronics (AUO), AU Optronics (AUOTY), BE Semiconductor Industrs (BESIY), Cirrus Logic (CRUS), Semtech (SMTC), Dialog Semiconductor (DLGNF), Power Integrations (POWI) and Acacia Communications (ACIA).
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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), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Intel (INTC), NVIDIA (NVDA), VASCO Data Security International (VDSI), 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 retail and institutional investors. Top institutional investors 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 Nuveen Asset Management LLC, Tygh Capital Management Inc., Envestnet Asset Management Inc., Vanguard Group Inc., Hodges Capital Management Inc., Two Sigma Advisers LP, Russell Investments Group Ltd., and US Bancorp DE.

TSEM stock was bought 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 $18.64.

Tower Semiconductor has a market capitalization of $1.99 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]