Wall Street analysts expect Tower Semiconductor Ltd. (NASDAQ:TSEM) to post earnings of $0.57 per share for the current quarter, according to Zacks. Two analysts have made estimates for Tower Semiconductor’s earnings, with estimates ranging from $0.56 to $0.57. Tower Semiconductor posted earnings per share of $0.54 in the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The firm is scheduled to report its next quarterly earnings results on Monday, February 12th.

According to Zacks, analysts expect that Tower Semiconductor will report full year earnings of $2.10 per share for the current year, with EPS estimates ranging from $2.03 to $2.17. For the next financial year, analysts expect that the firm will report earnings of $2.46 per share, with EPS estimates ranging from $2.36 to $2.56. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Tower Semiconductor.

A number of analysts have issued reports on TSEM shares. Credit Suisse Group raised their price target on Tower Semiconductor from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. BidaskClub raised Tower Semiconductor from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. ValuEngine raised Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Craig Hallum reaffirmed a “buy” rating and issued a $39.00 price objective (up from $32.00) on shares of Tower Semiconductor in a research note on Wednesday, November 8th. Finally, Drexel Hamilton lifted their price objective on Tower Semiconductor from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.75.

Shares of Tower Semiconductor (NASDAQ TSEM) opened at $34.27 on Tuesday. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.34. Tower Semiconductor has a 52 week low of $17.75 and a 52 week high of $36.69. The stock has a market capitalization of $3,320.00, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Tower Semiconductor by 22.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,840,765 shares of the semiconductor company’s stock valued at $43,902,000 after purchasing an additional 331,647 shares in the last quarter. Macquarie Group Ltd. lifted its position in Tower Semiconductor by 7.5% during the 3rd quarter. Macquarie Group Ltd. now owns 1,770,009 shares of the semiconductor company’s stock worth $54,427,000 after acquiring an additional 123,841 shares in the last quarter. Hodges Capital Management Inc. lifted its position in Tower Semiconductor by 15.3% during the 2nd quarter. Hodges Capital Management Inc. now owns 1,327,830 shares of the semiconductor company’s stock worth $31,669,000 after acquiring an additional 175,855 shares in the last quarter. Renaissance Technologies LLC lifted its position in Tower Semiconductor by 8.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,238,386 shares of the semiconductor company’s stock worth $29,536,000 after acquiring an additional 93,200 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in Tower Semiconductor by 14.4% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,039,609 shares of the semiconductor company’s stock worth $24,795,000 after acquiring an additional 130,717 shares in the last quarter. 42.33% of the stock is currently owned by institutional investors and hedge funds.

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Tower Semiconductor Company Profile

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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Earnings History and Estimates for Tower Semiconductor (NASDAQ:TSEM)

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