Tower Semiconductor Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tower Semiconductor in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Tower Semiconductor stock.
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Wall Street analysts have given Tower Semiconductor a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Tower Semiconductor wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Tower Semiconductor saw a increase in short interest in May. As of May 14th, there was short interest totaling 609,600 shares, an increase of 32.6% from the April 29th total of 459,900 shares. Based on an average daily trading volume, of 417,400 shares, the short-interest ratio is presently 1.5 days. Currently, 0.6% of the shares of the company are sold short.
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Tower Semiconductor is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Tower Semiconductor.

Tower Semiconductor Ltd. (NASDAQ:TSEM) released its quarterly earnings results on Wednesday, May, 12th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.27 by $0.04. The semiconductor company earned $347.20 million during the quarter, compared to analyst estimates of $345.09 million. Tower Semiconductor had a net margin of 7.13% and a trailing twelve-month return on equity of 6.65%. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share.
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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 65.7% and is now trading at $27.24.
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Tower Semiconductor issued an update on its second quarter 2021 earnings guidance on Tuesday, June, 8th. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $360 million-360 million, compared to the consensus revenue estimate of $351.41 million.

3 analysts have issued 1 year price targets for Tower Semiconductor's shares. Their forecasts range from $35.00 to $40.00. On average, they anticipate Tower Semiconductor's stock price to reach $37.50 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price.
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Some companies that are related to Tower Semiconductor include IPG Photonics (IPGP), Cree (CREE), First Solar (FSLR), AU Optronics (AUOTY), Lattice Semiconductor (LSCC), Sumco (SUOPY), BE Semiconductor Industries (BESIY), Silicon Laboratories (SLAB), Dialog Semiconductor (DLGNF), Amkor Technology (AMKR), Synaptics (SYNA), Allegro MicroSystems (ALGM), Shoals Technologies Group (SHLS), Power Integrations (POWI) and Cirrus Logic (CRUS).
View all of TSEM's competitors.

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 ON Semiconductor (ON).

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 shareholders include Parsifal Capital Management LP (2.05%), Vaughan Nelson Investment Management L.P. (2.05%), Jennison Associates LLC (1.68%), D. E. Shaw & Co. Inc. (1.45%), Harel Insurance Investments & Financial Services Ltd. (1.37%) and Phoenix Holdings Ltd. (1.20%).

TSEM stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, Assenagon Asset Management S.A., Ibex Investors LLC, D. E. Shaw & Co. Inc., Clearbridge Investments LLC, and Ion Asset Management Ltd..

TSEM stock was bought by a variety of institutional investors in the last quarter, including Meitav Dash Investments Ltd., Neuberger Berman Group LLC, Principal Financial Group Inc., Principal Financial Group Inc., Royce & Associates LP, Wasatch Advisors Inc., Menora Mivtachim Holdings LTD., and Investment Counselors of Maryland LLC.

Shares of TSEM 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 $27.24.

Tower Semiconductor has a market capitalization of $2.91 billion and generates $1.27 billion in revenue each year. The semiconductor company earns $82.30 million in net income (profit) each year or $0.78 on an earnings per share basis.

Tower Semiconductor employs 5,511 workers across the globe.

The official website for Tower Semiconductor is www.towerjazz.com.

Tower Semiconductor is headquartered at RAMAT GAVRIEL INDUSTRIAL PARK PO BOX 619, MIGDAL HAEMEK L3, 2310502.

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]