NASDAQ:TSEM - Tower Semiconductor Stock Price, Forecast & News

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

Tower Semiconductor Ltd. (NASDAQ:TSEM) issued its earnings results on Tuesday, February, 18th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.02. The semiconductor company had revenue of $306 million for the quarter, compared to analysts' expectations of $312.06 million. Tower Semiconductor had a return on equity of 7.79% and a net margin of 7.30%. The business's revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. View Tower Semiconductor's Earnings History.

Tower Semiconductor is scheduled to release their next quarterly earnings announcement on Wednesday, May 20th 2020. View Earnings Estimates for Tower Semiconductor.

Tower Semiconductor updated its first quarter 2020 Pre-Market earnings guidance on Tuesday, February, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $285-315 million, compared to the consensus revenue estimate of $300.9 million.

3 analysts have issued 12 month target prices for Tower Semiconductor's shares. Their forecasts range from $17.71 to $32.00. On average, they expect Tower Semiconductor's stock price to reach $26.57 in the next year. This suggests a possible upside of 20.3% from the stock's current price. View Analyst Price Targets for Tower Semiconductor.

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." View Analyst Ratings for Tower Semiconductor.

News stories about TSEM stock have trended negative on Friday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tower Semiconductor earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Tower Semiconductor.

Tower Semiconductor saw a increase in short interest in January. As of January 31st, there was short interest totalling 2,650,000 shares, an increase of 5.2% from the January 15th total of 2,520,000 shares. Based on an average daily volume of 388,600 shares, the short-interest ratio is currently 6.8 days. Currently, 2.7% of the shares of the company are sold short. View Tower Semiconductor's Current Options Chain.

Some companies that are related to Tower Semiconductor include ON Semiconductor (ON), Monolithic Power Systems (MPWR), IPG Photonics (IPGP), Enphase Energy (ENPH), Mellanox Technologies (MLNX), United Microelectronics (UMC), Solaredge Technologies (SEDG), First Solar (FSLR), Cree (CREE), SUMCO CORP/ADR (SUOPY), Cabot Microelectronics (CCMP), Cirrus Logic (CRUS), Silicon Laboratories (SLAB), Inphi (IPHI) and AU Optronics (AUOTY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tower Semiconductor investors own include Alibaba Group (BABA), Northern Tier Energy (NTI), VASCO Data Security International (VDSI), Micron Technology (MU), T.A.T. Technologies (TATT), ON Semiconductor (ON), Abraxas Petroleum (AXAS), Advanced Micro Devices (AMD), Intel (INTC) and NVIDIA (NVDA).

Tower Semiconductor's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Senvest Management LLC (8.53%), Phoenix Holdings Ltd. (2.88%), Ion Asset Management Ltd. (2.35%), Renaissance Technologies LLC (1.95%), Jennison Associates LLC (1.38%) and Ibex Investors LLC (1.04%).

TSEM stock was sold by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., UBS Group AG, Monarch Partners Asset Management LLC, Harel Insurance Investments & Financial Services Ltd., Bank of America Corp DE, Taylor Frigon Capital Management LLC, Senvest Management LLC and ARK Investment Management LLC.

TSEM stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Vaughan Nelson Investment Management L.P., Ion Asset Management Ltd., Neumeier Poma Investment Counsel LLC, Driehaus Capital Management LLC, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management, Hodges Capital Management Inc. and Tygh Capital Management 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 $22.08.

Tower Semiconductor has a market capitalization of $2.17 billion and generates $1.23 billion in revenue each year. The semiconductor company earns $135.58 million in net income (profit) each year or $0.87 on an earnings per share basis. Tower Semiconductor employs 5,586 workers across the globe.View Additional Information About Tower Semiconductor.

The official website for Tower Semiconductor is http://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]