Tower Semiconductor (TSEM) to Release Earnings on Wednesday

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Tower Semiconductor Price Performance

TSEM stock traded up $1.69 during trading hours on Wednesday, hitting $43.42. 393,810 shares of the stock traded hands, compared to its average volume of 499,985. The stock has a 50-day simple moving average of $43.26 and a 200 day simple moving average of $40.03. The company has a market cap of $4.81 billion, a P/E ratio of 9.80 and a beta of 0.90. Tower Semiconductor has a one year low of $22.30 and a one year high of $46.53. The company has a current ratio of 5.90, a quick ratio of 4.94 and a debt-to-equity ratio of 0.05.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Benchmark reaffirmed a "buy" rating and issued a $55.00 price objective on shares of Tower Semiconductor in a research note on Monday, September 9th. StockNews.com lowered shares of Tower Semiconductor from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $51.33.

Tower Semiconductor Company Profile

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.