NASDAQ:TSEMTower Semiconductor Stock Price, Forecast & News

Tower Semiconductor's stock was trading at $16.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TSEM shares have increased by 28.5% and is now trading at $21.13.
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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 quarterly earnings data on Wednesday, July, 29th. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The semiconductor company earned $310.09 million during the quarter, compared to the consensus estimate 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 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 brokers have issued 1-year target prices 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 twelve months. This suggests a possible upside of 12.0% from the stock's current price.
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Headlines about TSEM stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of 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 -2.5 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Tower Semiconductor.

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

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 investors include Jennison Associates LLC (1.78%), Harel Insurance Investments & Financial Services Ltd. (1.14%), Fort Washington Investment Advisors Inc. OH (0.45%), Tygh Capital Management Inc. (0.39%), Hodges Capital Management Inc. (0.22%) and Swiss National Bank (0.21%).

TSEM stock was sold by a variety of institutional investors in the last quarter, including Tygh Capital Management Inc., Envestnet Asset Management Inc., Hodges Capital Management Inc., Russell Investments Group Ltd., US Bancorp DE, Edmond DE Rothschild Holding S.A., New York State Common Retirement Fund, and Foundry Partners LLC.

TSEM stock was acquired by a variety of institutional investors in the last quarter, including Fort Washington Investment Advisors Inc. OH, Jennison Associates LLC, Harel Insurance Investments & Financial Services Ltd., Swiss National Bank, UBS Group AG, Sciencast Management LP, Taylor Frigon Capital Management LLC, and Zurcher Kantonalbank Zurich Cantonalbank .

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 $21.13.

Tower Semiconductor has a market capitalization of $2.26 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]