The stock of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) hit a new 52-week high and has $21.27 target or 24.00% above today’s $17.15 share price. The 5 months bullish chart indicates low risk for the $1.51 billion company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $21.27 price target is reached, the company will be worth $362.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 376,582 shares traded hands. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) has risen 42.23% since April 13, 2016 and is uptrending. It has outperformed by 38.30% the S&P500.
Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) Ratings Coverage
Out of 4 analysts covering TowerJazz (NASDAQ:TSEM), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $23 is the highest target while $18 is the lowest. The $20.33 average target is 18.54% above today’s ($17.15) stock price. TowerJazz has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by Needham on Friday, January 22 with “Strong Buy”. The stock of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) has “Outperform” rating given on Tuesday, December 15 by Oppenheimer. On Tuesday, October 20 the stock rating was initiated by Drexel Hamilton with “Buy”. The rating was maintained by Chardan Capital Markets with “Buy” on Thursday, August 6.
According to Zacks Investment Research, “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)”
More recent Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) news were published by: Benzinga.com which released: “Earnings Scheduled For November 15, 2016” on November 15, 2016. Also Benzinga.com published the news titled: “Oppenheimer: Tower Semiconductor Has Legs, Multiples Set To Expand” on December 15, 2015. Globenewswire.com‘s news article titled: “TowerJazz Completes Acquisition of Maxim’s Fabrication Facility in San Antonio …” with publication date: February 02, 2016 was also an interesting one.
TSEM Company Profile
Tower Semiconductor Ltd., incorporated on February 22, 1993, operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Firm focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Firm makes semiconductors for its clients primarily based on third-party designs. It offers process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150 millimeter wafers, 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200 millimeter wafers, and 65 nanometer and 45 nanometer on 300 millimeter wafers. It also provides design support and technical services. The Company’s ICs are incorporated into a range of products in markets, including consumer electronics, personal computers, communications, automotive, industrial and medical device products. The Firm has manufacturing facilities in the United States, Israel and Japan.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.