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

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

Tower Semiconductor Ltd. (NASDAQ:TSEM) announced its quarterly earnings data on Wednesday, November, 13th. The semiconductor company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The semiconductor company earned $312.10 million during the quarter, compared to the consensus estimate of $312.05 million. Tower Semiconductor had a net margin of 8.51% and a return on equity of 9.63%. The company's revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. View Tower Semiconductor's Earnings History.

Tower Semiconductor is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Tower Semiconductor.

Tower Semiconductor will be holding an earnings conference call on Tuesday, February 18th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Tower Semiconductor updated its fourth quarter 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$296.4-327.6 million, compared to the consensus revenue estimate of $$316.37 million.

3 Wall Street analysts have issued 12-month target prices for Tower Semiconductor's shares. Their forecasts range from $17.71 to $32.00. On average, they anticipate Tower Semiconductor's share price to reach $26.57 in the next year. This suggests a possible upside of 5.2% 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 coverage about TSEM stock has been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by analyzing 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 coverage optimism score of 1.5 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Tower Semiconductor.

Tower Semiconductor saw a increase in short interest in the month of December. As of December 13th, there was short interest totalling 2,540,000 shares, an increase of 10.0% from the November 28th total of 2,310,000 shares. Based on an average daily volume of 432,900 shares, the days-to-cover ratio is presently 5.9 days. Currently, 2.6% of the shares of the stock are sold short. View Tower Semiconductor's Current Options Chain.

Some companies that are related to Tower Semiconductor include Semiconductor Manufacturing International (SMICY), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), IPG Photonics (IPGP), Mellanox Technologies (MLNX), United Microelectronics (UMC), Cree (CREE), First Solar (FSLR), Solaredge Technologies (SEDG), Silicon Laboratories (SLAB), Cirrus Logic (CRUS), SUMCO CORP/ADR (SUOPY), Cabot Microelectronics (CCMP), Enphase Energy (ENPH) and Dialog Semiconductor (DLGNF).

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 Select Income REIT (SIR).

Tower Semiconductor's stock is owned by a number of of institutional and retail investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (0.92%).

TSEM stock was sold by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd..

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 $25.25.

Tower Semiconductor has a market capitalization of $2.49 billion and generates $1.30 billion in revenue each year. The semiconductor company earns $135.58 million in net income (profit) each year or $1.51 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]