Analysts take a look at Tower Semiconductor Ltd. (NASDAQ:TSEM) having this to say.

February 15, 2018 - By Richard Conner

 Analysts take a look at Tower Semiconductor Ltd. (NASDAQ:TSEM) having this to say.

Tower Semiconductor Ltd. (NASDAQ:TSEM) Ratings Coverage

Among 7 analysts covering TowerJazz (NASDAQ:TSEM), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. TowerJazz had 18 analyst reports since August 6, 2015 according to SRatingsIntel. Drexel Hamilton initiated Tower Semiconductor Ltd. (NASDAQ:TSEM) on Tuesday, October 20 with “Buy” rating. Craig Hallum maintained the stock with “Buy” rating in Wednesday, November 8 report. On Thursday, August 6 the stock rating was maintained by Chardan Capital Markets with “Buy”. Needham maintained Tower Semiconductor Ltd. (NASDAQ:TSEM) on Thursday, September 7 with “Buy” rating. The stock of Tower Semiconductor Ltd. (NASDAQ:TSEM) earned “Strong Buy” rating by Needham on Friday, January 22. Wells Fargo downgraded the shares of TSEM in report on Wednesday, August 2 to “Hold” rating. The rating was maintained by Needham on Thursday, August 3 with “Buy”. The firm has “Buy” rating given on Friday, June 9 by Needham. Credit Suisse maintained Tower Semiconductor Ltd. (NASDAQ:TSEM) rating on Wednesday, November 15. Credit Suisse has “Outperform” rating and $40 target. Drexel Hamilton maintained the stock with “Buy” rating in Thursday, August 3 report. Below is a list of Tower Semiconductor Ltd. (NASDAQ:TSEM) latest ratings and price target changes.

29/11/2017 Broker: Drexel Hamilton Rating: Buy New Target: $46.0 Maintain
15/11/2017 Broker: Credit Suisse Rating: Outperform Old Target: $36 New Target: $40 Maintain
08/11/2017 Broker: Craig Hallum Rating: Buy New Target: $39.0 Maintain
07/11/2017 Broker: Drexel Hamilton Rating: Buy New Target: $36.0 Maintain
26/09/2017 Broker: Credit Suisse Rating: Outperform Initiates Coverage On
07/09/2017 Broker: Needham Rating: Buy New Target: $35.0 Maintain
21/08/2017 Broker: Drexel Hamilton Rating: Buy New Target: $36.0 Maintain
21/08/2017 Broker: Needham Rating: Buy New Target: $35.0 Maintain

The stock increased 2.80% or $0.9084 during the last trading session, reaching $33.3084. About 536,632 shares traded or 5.64% up from the average. Tower Semiconductor Ltd. (NASDAQ:TSEM) has risen 122.17% since February 15, 2017 and is uptrending. It has outperformed by 105.47% the S&P500.

Tower Semiconductor Ltd., an independent semiconductor foundry, makes and markets analog intensive mixed-signal semiconductor devices in the United States, Asia, and Europe. The company has market cap of $3.28 billion. The firm provides various customizable process technologies, including silicon-germanium, BiCMOS, mixed-signal/complementary metal oxide semiconductor , radio frequency CMOS, CMOS image sensor, integrated power management, and micro-electro-mechanical systems. It has a 16.87 P/E ratio. It also offers transfer optimization and development process services to integrated device manufacturers and fabless companies.

More notable recent Tower Semiconductor Ltd. (NASDAQ:TSEM) news were published by: Benzinga.com which released: “7 Top Picks For 2018 And Their Corresponding ETFs” on January 05, 2018, also Seekingalpha.com with their article: “Tower Semiconductor: Not At The Top Of The Tower Yet” published on March 20, 2017, Benzinga.com published: “Lightning Round: Jim Cramer Gives His Opinion On Tower Semiconductor, Momo And …” on November 30, 2017. More interesting news about Tower Semiconductor Ltd. (NASDAQ:TSEM) were released by: Gurufocus.com and their article: “Clal Insurance Enterprises Holdings Ltd Buys iShares Nasdaq Biotechnology …” published on February 13, 2018 as well as Gurufocus.com‘s news article titled: “Monarch Partners Asset Management LLC Buys Santander Consumer USA Holdings Inc …” with publication date: February 01, 2018.

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