Tower Semiconductor (NASDAQ:TSEM) will release its earnings data before the market opens on Tuesday, February 18th. Analysts expect Tower Semiconductor to post earnings of $0.20 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
TSEM stock opened at $24.10 on Monday. The company’s 50 day moving average price is $24.16 and its 200 day moving average price is $21.90. Tower Semiconductor has a fifty-two week low of $14.46 and a fifty-two week high of $25.80.
A number of research firms recently weighed in on TSEM. BidaskClub lowered shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Saturday, February 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price target on shares of Tower Semiconductor in a report on Wednesday, November 13th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $32.00 price target (up from $24.00) on shares of Tower Semiconductor in a report on Thursday, November 14th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Tower Semiconductor presently has a consensus rating of “Hold” and an average price target of $26.57.
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.
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