Tower Semiconductor (TSEM) Set to Announce Quarterly Earnings on Thursday

Tower Semiconductor (NASDAQ:TSEM) is set to announce its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

Shares of Tower Semiconductor (NASDAQ:TSEM) opened at $33.85 on Wednesday. The stock has a market cap of $3,100.00, a PE ratio of 18.60, a PEG ratio of 0.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.44 and a quick ratio of 2.85. Tower Semiconductor has a 12 month low of $20.60 and a 12 month high of $36.69.

A number of equities research analysts have recently issued reports on TSEM shares. Drexel Hamilton upped their target price on shares of Tower Semiconductor from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Craig Hallum restated a “buy” rating and issued a $39.00 target price (up previously from $32.00) on shares of Tower Semiconductor in a research note on Wednesday, November 8th. Credit Suisse Group increased their price objective on shares of Tower Semiconductor from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Needham & Company LLC increased their price objective on shares of Tower Semiconductor from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 30th. Finally, BidaskClub lowered shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Tower Semiconductor presently has a consensus rating of “Buy” and a consensus target price of $43.75.

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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.

Earnings History for Tower Semiconductor (NASDAQ:TSEM)

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