Tower Semiconductor (TSEM) to Release Quarterly Earnings on Wednesday

Tower Semiconductor (NASDAQ:TSEMGet Free Report) will issue its quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Tower Semiconductor (NASDAQ:TSEMGet Free Report) last posted its quarterly earnings results on Monday, November 13th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $358.17 million during the quarter, compared to analyst estimates of $359.17 million. Tower Semiconductor had a return on equity of 10.85% and a net margin of 37.17%. On average, analysts expect Tower Semiconductor to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Tower Semiconductor Price Performance

TSEM stock opened at $30.09 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.65 and a quick ratio of 5.47. The business has a 50 day simple moving average of $29.57 and a 200-day simple moving average of $28.21. The firm has a market capitalization of $3.29 billion, a PE ratio of 6.12 and a beta of 0.94. Tower Semiconductor has a 1 year low of $21.43 and a 1 year high of $45.87.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in Tower Semiconductor by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 46,742 shares of the semiconductor company’s stock valued at $1,728,000 after acquiring an additional 349 shares during the last quarter. Maverick Capital Ltd. lifted its stake in Tower Semiconductor by 5.4% during the first quarter. Maverick Capital Ltd. now owns 7,388 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 381 shares in the last quarter. LPL Financial LLC lifted its stake in Tower Semiconductor by 1.0% during the second quarter. LPL Financial LLC now owns 49,191 shares of the semiconductor company’s stock worth $2,272,000 after purchasing an additional 476 shares in the last quarter. US Bancorp DE lifted its stake in Tower Semiconductor by 39.2% during the fourth quarter. US Bancorp DE now owns 2,666 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 751 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC acquired a new position in Tower Semiconductor during the third quarter worth $40,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Tower Semiconductor from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Benchmark assumed coverage on Tower Semiconductor in a research report on Wednesday, October 25th. They issued a “buy” rating and a $35.00 price target for the company.

Get Our Latest Analysis on Tower Semiconductor

Tower Semiconductor Company Profile

(Get Free Report)

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. 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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Earnings History for Tower Semiconductor (NASDAQ:TSEM)

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