Impact of Brokerage Rating on Tower Semiconductor Ltd.(TSEM)

Many Tower Semiconductor Ltd.(TSEM) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Needham on Feb 14, 2017 to Strong Buy, Raises Price Target to $ 30 from a previous price target of $25 .

Tower Semiconductor Ltd. (USA) Last issued its quarterly earnings results on Feb 13, 2017. The company reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.48. The company had revenue of $340.40 million for the quarter, compared to analysts expectations of $339.93 million. The companys revenue was up 4.4% compared to the same quarter last year.

Tower Semiconductor Ltd. (NASDAQ:TSEM): The mean estimate for the short term price target for Tower Semiconductor Ltd. (NASDAQ:TSEM) stands at $26.18 according to 4 Analysts. The higher price target estimate for the stock has been calculated at $28 while the lower price target estimate is at $24.

Tower Semiconductor Ltd. (NASDAQ:TSEM) witnessed a decline in the market cap on Tuesday as its shares dropped 1.77% or 0.4 points. After the session commenced at $22.66, the stock reached the higher end at $22.77 while it hit a low of $22.06. With the volume soaring to 1,540,062 shares, the last trade was called at $22.16. The company has a 52-week high of $23. The company has a market cap of $1,914 million and there are 86,357,000 shares in outstanding. The 52-week low of the share price is $11.0302.

Tower Semiconductor Ltd. is an independent manufacturer and service provider of semiconductor integrated circuits on silicon wafers. They provide IC design, manufacturing and turnkey services using advanced production capabilities and the proprietary IC designs of their customers, and are specializing in providing solutions for embedded non-volatile memory devices and CMOS image sensors. (press release)

Tower

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