Tower Semiconductor Ltd. (TSEM) Trading 12.4% Higher After Earnings Beat

Cornelia Mascio
Mag 20, 2017

Bank Hapoalim BM now owns 630,436 shares of the semiconductor company's stock valued at $9,419,000 after buying an additional 27,557 shares during the period. Eagle Global Advisors LLC's holdings in Tower Semiconductor were worth $302,000 at the end of the most recent quarter. First Allied Advisory Services Inc. boosted its stake in shares of Tower Semiconductor by 1.3% in the fourth quarter. Sei Investments Co. acquired a new stake in Tower Semiconductor during the third quarter worth about $143,000. Renaissance Group LLC boosted its stake in shares of Tower Semiconductor by 8.7% in the fourth quarter. Tygh Capital Management Inc. now owns 668,004 shares of the semiconductor company's stock valued at $10,140,000 after buying an additional 148,608 shares during the last quarter.

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. Monashee Investment Management LLC bought a new position in Tower Semiconductor during the third quarter valued at $2,362,000. Acadian Asset Management LLC raised its position in shares of Tower Semiconductor by 424.2% in the third quarter.

02/24/2015 - Tower Semiconductor Ltd. had its "outperform" rating reiterated by analysts at Imperial Capital. 685,744 shares of the stock were exchanged. The semiconductor company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Tower Semiconductor had a net margin of 16.32% and a return on equity of 29.27%. The firm has a market cap of $2.32 billion, a PE ratio of 13.25 and a beta of 1.04. The business had revenue of $330.10 million during the quarter, compared to the consensus estimate of $330 million. TheStreet raised Tower Semiconductor from a "c" rating to a "b-" rating in a report on Monday, May 8th. Equities research analysts anticipate that Tower Semiconductor Ltd. will post $2.03 earnings per share for the current fiscal year. During the same period in the prior year, the firm posted $0.34 EPS. The firm's revenue for the quarter was up 18.7% on a year-over-year basis. The stock has a 50-day moving average of $22.54 and a 200 day moving average of $20.81.

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The stock of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) hit a new 52-week high and has $26.73 target or 6.00% above today's $25.22 share price.

11/21/2014 - Tower Semiconductor Ltd. had its "buy" rating reiterated by analysts at Standpoint Research.

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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