What’s Propelling Tower Semiconductor Ltd. (USA) to Increase So Much?

 What's Propelling Tower Semiconductor Ltd. (USA) to Increase So Much?

In today’s session Tower Semiconductor Ltd. (USA) (TSEM) registered an unusually high (554) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious TSEM increase. With 554 contracts traded and 11424 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: TSEM170120C00019000 closed last at: $0.5 or 9.1% down. About 274,105 shares traded hands. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) has risen 59.30% since April 18, 2016 and is uptrending. It has outperformed by 54.87% 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. TowerJazz has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Chardan Capital Markets maintained Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) on Thursday, August 6 with “Buy” rating. The stock of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) earned “Buy” rating by Drexel Hamilton on Tuesday, October 20. On Friday, January 22 the stock rating was initiated by Needham with “Strong Buy”. The firm earned “Outperform” rating on Tuesday, December 15 by Oppenheimer.

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)”

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The company has a market cap of $1.57 billion. The Firm focuses on producing integrated circuits based on the design specifications of its customers. It has a 12.2 P/E ratio. The Firm makes semiconductors for its clients primarily based on third-party designs.

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.

More news for Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) were recently published by: Benzinga.com, which released: “Earnings Scheduled For November 15, 2016” on November 15, 2016. Globenewswire.com‘s article titled: “TowerJazz Completes Acquisition of Maxim’s Fabrication Facility in San Antonio …” and published on February 02, 2016 is yet another important article.

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