Tower Semiconductor (NASDAQ:TSEM) Announces Quarterly Earnings Results

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) posted its quarterly earnings results on Monday. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03, Zacks reports. Tower Semiconductor had a net margin of 14.75% and a return on equity of 8.22%. During the same quarter last year, the business posted $0.55 EPS. Tower Semiconductor updated its Q1 2025 guidance to EPS.

Tower Semiconductor Trading Up 5.9 %

NASDAQ TSEM traded up $2.68 during mid-day trading on Thursday, reaching $48.21. 1,142,439 shares of the stock were exchanged, compared to its average volume of 887,256. Tower Semiconductor has a one year low of $29.62 and a one year high of $55.31. The stock has a 50 day simple moving average of $50.60 and a 200-day simple moving average of $45.76. The stock has a market cap of $5.34 billion, a P/E ratio of 26.06 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.82 and a quick ratio of 4.89.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Tower Semiconductor from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Wedbush restated an "outperform" rating and issued a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday. Craig Hallum raised their target price on shares of Tower Semiconductor from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Susquehanna raised their price target on shares of Tower Semiconductor from $55.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

About Tower Semiconductor

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.