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.
Shares of Tower Semiconductor (TSEM) opened at $32.40 on Thursday. Tower Semiconductor has a 12 month low of $20.60 and a 12 month high of $36.69. The firm has a market capitalization of $3,000.00, a price-to-earnings ratio of 17.80, a PEG ratio of 0.88 and a beta of 0.92. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.34.
A number of analysts have recently weighed in on the company. ValuEngine upgraded Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Craig Hallum restated a “buy” rating and issued a $39.00 target price (up from $32.00) on shares of Tower Semiconductor in a research note on Wednesday, November 8th. Credit Suisse Group raised their target price on Tower Semiconductor from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Needham & Company LLC raised their target price on Tower Semiconductor from $45.00 to $50.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 30th. Finally, Drexel Hamilton restated a “buy” rating and issued a $46.00 target price on shares of Tower Semiconductor in a research note on Wednesday, November 29th. 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. Tower Semiconductor currently has a consensus rating of “Buy” and a consensus price target of $43.75.
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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