Tower Semiconductor (TSEM) Earns Daily News Sentiment Rating of 0.18
News coverage about Tower Semiconductor (NASDAQ:TSEM) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tower Semiconductor earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 47.4747389203693 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Tower Semiconductor Ltd. (NASDAQ:TSEM) Sees Significant Drop in Short Interest (americanbankingnews.com)
- Senvest Management, LLC Sells A Lot More Tower Semiconductor Ltd. – Ordi (TSEM) Stock In The Last Quarter – Modern Readers (modernreaders.com)
- Tower Semiconductor Ltd. (TSEM) Position Boosted by Rice Hall James & Associates LLC (topix.com)
- Watching the Tape Move for Radian Group Inc (RDN) and Tower Semiconductor Ltd (TSEM) – Bulletin News (orobulletin.com)
- Zacks Investment Research Comments on Tower Semiconductor Ltd.’s Q4 2017 Earnings (NASDAQ:TSEM) (americanbankingnews.com)
Shares of Tower Semiconductor (NASDAQ TSEM) traded up 0.20% on Friday, reaching $24.81. 538,707 shares of the company traded hands. Tower Semiconductor has a 1-year low of $14.83 and a 1-year high of $27.60. The stock has a 50-day moving average price of $25.44 and a 200 day moving average price of $23.65. The firm has a market capitalization of $2.39 billion, a P/E ratio of 12.70 and a beta of 1.00.
Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $345.10 million for the quarter, compared to the consensus estimate of $344.98 million. Tower Semiconductor had a net margin of 14.99% and a return on equity of 25.72%. Tower Semiconductor’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Analysts anticipate that Tower Semiconductor will post $2.05 EPS for the current fiscal year.
Several brokerages recently issued reports on TSEM. TheStreet lowered shares of Tower Semiconductor from a “b-” rating to a “c” rating in a research report on Monday, April 17th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $35.00 target price (up from $30.00) on shares of Tower Semiconductor in a research report on Tuesday, May 9th. ValuEngine upgraded shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Tower Semiconductor presently has an average rating of “Buy” and a consensus target price of $31.50.
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About Tower Semiconductor
Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Company manufactures semiconductors for its customers primarily based on third-party designs.
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