Tower Semiconductor Ltd. (TSEM) Receives Price Target

Tower Semiconductor Ltd. (TSEM) : 5 investment research analysts covering Tower Semiconductor Ltd. (TSEM) have an average price target of $23.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $18 for the short term. Analysts expect the variance to be within $3.61 of the average price.


Tower Semiconductor Ltd. (NASDAQ:TSEM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.65 and $15.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.98, notching a gain of 1.98% for the day. The total traded volume was 890,699 . The stock had closed at $15.67 on the previous day.

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. It manufactures semiconductors for its customers primarily based on third-party designs. It offers the process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150 millimeter wafers and 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200 millimeter wafers and 65 nanometer and 45 nanometer on 300 millimeter wafers. It also provides design support and complementary technical services. Its ICs are incorporated into a range of products in markets, including consumer electronics, personal computers, communications, automotive, industrial and medical device products.

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