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

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

Tower Semiconductor Ltd. (NASDAQ:TSEM) posted its quarterly earnings data on Tuesday, February, 18th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the 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 net margin of 7.30% and a return on equity of 7.71%. The company's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. 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 (EPS) 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 Wall Street analysts have issued 1-year price targets for Tower Semiconductor's stock. 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 34.4% 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.

Media headlines about TSEM stock have been trending extremely negative on Friday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tower Semiconductor earned a media sentiment score of -4.5 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the immediate future. 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 trading volume of 388,600 shares, the days-to-cover ratio is presently 6.8 days. Currently, 2.7% of the company's shares 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), Mellanox Technologies (MLNX), IPG Photonics (IPGP), Enphase Energy (ENPH), Solaredge Technologies (SEDG), United Microelectronics (UMC), SUMCO CORP/ADR (SUOPY), Cree (CREE), First Solar (FSLR), Cabot Microelectronics (CCMP), Silicon Laboratories (SLAB), Cirrus Logic (CRUS), 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 many different of retail and institutional investors. Top institutional shareholders include Senvest Management LLC (8.53%), Macquarie Group Ltd. (2.93%), Phoenix Holdings Ltd. (2.88%), Ion Asset Management Ltd. (2.35%), Renaissance Technologies LLC (1.95%) and Jennison Associates LLC (1.38%).

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 bought 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, Macquarie Group Ltd., Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management and Hodges 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 $19.77.

Tower Semiconductor has a market capitalization of $1.95 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 5,586 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]