News articles about Tower Semiconductor (NASDAQ:TSEM) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tower Semiconductor earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.9013591883378 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Globes English - Mon: Bezeq continues to weigh on TASE - גלובס - Globes (globes.co.il)
- Israel stocks lower at close of trade; TA 35 down 0.21% - Investing.com (investing.com)
- Tower Semiconductor Ltd. – Ordi (NASDAQ:TSEM) Experiences Heavier than Average Trading Volume - First News 24 (firstnewspaper24.com)
- Tower Semiconductor Ltd. (TSEM) 1.47% away from 52-Week High - Voice Of Analysts (analystsbuzz.com)
- Tower Semiconductor Ltd. – Ordi (NASDAQ:TSEM) Experiences Heavy Trading Volume - Highlight Press (highlightpress.com)
A number of research firms recently weighed in on TSEM. BidaskClub upgraded shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a research report on Sunday. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Tower Semiconductor in a report on Friday, June 9th. ValuEngine upgraded shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, TheStreet upgraded shares of Tower Semiconductor from a “c” rating to a “b-” rating in a report on Monday, May 8th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Tower Semiconductor presently has an average rating of “Buy” and an average target price of $31.50.
Tower Semiconductor (TSEM) traded up 2.56% during trading on Tuesday, reaching $27.21. 1,029,505 shares of the company’s stock traded hands. The firm has a 50 day moving average of $24.79 and a 200 day moving average of $22.41. Tower Semiconductor has a 1-year low of $12.65 and a 1-year high of $27.33. The firm has a market capitalization of $2.56 billion, a PE ratio of 14.59 and a beta of 0.98.
Tower Semiconductor (NASDAQ:TSEM) last posted its earnings results on Monday, May 8th. The semiconductor company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Tower Semiconductor had a net margin of 14.10% and a return on equity of 28.41%. The business had revenue of $330.10 million for the quarter, compared to analysts’ expectations of $330 million. During the same period in the previous year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts forecast that Tower Semiconductor will post $2.03 EPS for the current year.
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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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