Tower Semiconductor - TSEM Stock Forecast, Price & News

Tower Semiconductor's stock was trading at $43.20 at the beginning of the year. Since then, TSEM stock has decreased by 4.9% and is now trading at $41.07.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 15th 2023.
View our TSEM earnings forecast.

Tower Semiconductor Ltd. (NASDAQ:TSEM) posted its quarterly earnings results on Monday, November, 8th. The semiconductor company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. The semiconductor company had revenue of $386.71 million for the quarter, compared to analysts' expectations of $384.98 million. Tower Semiconductor had a net margin of 15.77% and a trailing twelve-month return on equity of 14.79%. The firm's revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share.

ETFs with the largest weight of Tower Semiconductor (NASDAQ:TSEM) stock in their portfolio include BlueStar Israel Technology ETF (ITEQ), ProShares S&P Kensho Smart Factories ETF (MAKX), Invesco Dynamic Semiconductors ETF (PSI), VanEck Israel ETF (ISRA), ARK Israel Innovative Technology ETF (IZRL), Columbia Seligman Semiconductor and Technology ETF (SEMI), Defiance Quantum ETF (QTUM) and BlackRock Future Tech ETF (BTEK).

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 (MRVL) and onsemi (ON).

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

Tower Semiconductor's stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (4.01%), Senvest Management LLC (3.76%), Franklin Resources Inc. (3.50%), Jennison Associates LLC (1.75%), Clal Insurance Enterprises Holdings Ltd (1.67%) and Alpine Associates Management Inc. (1.59%).

Shares of TSEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TSEM stock can currently be purchased for approximately $41.07.

Tower Semiconductor (NASDAQ:TSEM) has a market capitalization of $4.49 billion and generates $1.68 billion in revenue each year. The semiconductor company earns $264.57 million in net income (profit) each year or $2.39 on an earnings per share basis.

The company employs 5,887 workers across the globe.

Tower Semiconductor's mailing address is RAMAT GAVRIEL INDUSTRIAL PARK PO BOX 619, MIGDAL HAEMEK L3, 2310502. The official website for the company is www.towerjazz.com. The semiconductor company can be reached via phone at 972-4650-6109, via email at noit.levi@towerjazz.com, or via fax at 972-4654-7788.