Tower Semiconductor (NASDAQ:TSEM) will 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.
Tower Semiconductor (NASDAQ TSEM) opened at $33.27 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.85 and a current ratio of 3.44. The stock has a market cap of $3,050.00, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.90 and a beta of 0.92. Tower Semiconductor has a one year low of $20.60 and a one year high of $36.69.
Several equities analysts have issued reports on TSEM shares. Needham & Company LLC upped their target price on shares of Tower Semiconductor from $45.00 to $50.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 30th. ValuEngine upgraded shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. 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. BidaskClub cut shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Craig Hallum reiterated a “buy” rating and issued a $39.00 price objective (up previously from $32.00) on shares of Tower Semiconductor in a research note on Wednesday, November 8th. One equities research 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 has a consensus rating of “Buy” and an average target price of $43.75.
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About Tower Semiconductor
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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