Tower Semiconductor (TSEM) to Release Earnings on Thursday
Tower Semiconductor (NASDAQ:TSEM) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 22nd. Analysts expect Tower Semiconductor to post earnings of $0.56 per share for the quarter.
Tower Semiconductor (TSEM) opened at $32.40 on Thursday. The stock has a market capitalization of $3,000.00, a PE ratio of 17.80, a P/E/G ratio of 0.88 and a beta of 0.92. Tower Semiconductor has a 1-year low of $20.60 and a 1-year high of $36.69. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.34.
Several equities analysts recently issued reports on the company. ValuEngine upgraded Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Craig Hallum reiterated a “buy” rating and issued a $39.00 price target (up previously from $32.00) on shares of Tower Semiconductor in a report on Wednesday, November 8th. Credit Suisse Group raised their price target on Tower Semiconductor from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Needham & Company LLC raised their price target on Tower Semiconductor from $45.00 to $50.00 and gave the company a “strong-buy” rating in a report on Thursday, November 30th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $46.00 price target on shares of Tower Semiconductor in a report on Wednesday, November 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Tower Semiconductor currently has a consensus rating of “Buy” and a consensus target price of $43.75.
About Tower Semiconductor
Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Company manufactures semiconductors for its customers primarily based on third-party designs.
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