Media headlines about Tower Semiconductor (NASDAQ:TSEM) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tower Semiconductor earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 46.4001153973958 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research analysts have weighed in on TSEM shares. Credit Suisse Group started coverage on shares of Tower Semiconductor in a research report on Tuesday, September 26th. They set an “outperform” rating and a $36.00 price objective on the stock. BidaskClub upgraded shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price objective on shares of Tower Semiconductor in a research report on Wednesday, June 21st. Finally, ValuEngine upgraded shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $33.00.
Tower Semiconductor (NASDAQ TSEM) opened at 31.38 on Wednesday. The company has a market capitalization of $3.07 billion, a PE ratio of 16.07 and a beta of 1.00. Tower Semiconductor has a 12-month low of $15.22 and a 12-month high of $32.33. The stock has a 50 day moving average of $29.71 and a 200-day moving average of $25.65.
Tower Semiconductor (NASDAQ:TSEM) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. Tower Semiconductor had a return on equity of 28.28% and a net margin of 14.53%. The business had revenue of $345.10 million for the quarter, compared to analyst estimates of $344.98 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities analysts expect that Tower Semiconductor will post $2.06 earnings per share 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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