Is Tower Semiconductor Ltd. (USA)’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Tower Semiconductor Ltd. (USA)'s Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Tower Semiconductor Ltd. (USA) (TSEM) registered an unusually high (600) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious TSEM increase. With 600 contracts traded and 17184 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: TSEM170421C00021000 closed last at: $0.7 or 12.5% down. About 59,298 shares traded hands. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) has risen 48.48% since April 27, 2016 and is uptrending. It has outperformed by 43.25% the S&P500.

Analysts await Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) to report earnings on February, 22. They expect $0.46 earnings per share, down 44.58% or $0.37 from last year’s $0.83 per share. TSEM’s profit will be $39.61 million for 9.78 P/E if the $0.46 EPS becomes a reality. After $0.50 actual earnings per share reported by Tower Semiconductor Ltd. (USA) for the previous quarter, Wall Street now forecasts -8.00% negative EPS growth.

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 12.94% above today’s ($18) stock price. TowerJazz has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Thursday, August 6 the stock rating was maintained by Chardan Capital Markets with “Buy”. Needham initiated Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) on Friday, January 22 with “Strong Buy” rating. Oppenheimer initiated Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) rating on Tuesday, December 15. Oppenheimer has “Outperform” rating and $20.0 price target. The firm has “Buy” rating given on Tuesday, October 20 by Drexel Hamilton.

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 $1.55 billion. The Firm focuses on producing integrated circuits based on the design specifications of its customers. It has a 9.81 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.

Another recent and important Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) news was published by Benzinga.com which published an article titled: “Earnings Scheduled For November 15, 2016” on November 15, 2016.

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.

Related posts

Leave a Comment