Susquehanna initiated coverage of Tower Semi with a rating of Neutral and set a new price target of $36.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/10/2024 | $36.00 → $55.00 | Neutral → Positive | Susquehanna |
| 2/29/2024 | $36.00 | Neutral | Susquehanna |
| 10/25/2023 | $35.00 | Buy | The Benchmark Company |
| 8/17/2023 | $53.00 → $38.00 | Hold → Buy | Craig Hallum |
| 2/15/2022 | $45.00 | Buy → Hold | Needham |
| 12/8/2021 | $42.00 → $46.00 | Buy | Jefferies |
6-K - TOWER SEMICONDUCTOR LTD (0000928876) (Filer)
6-K - TOWER SEMICONDUCTOR LTD (0000928876) (Filer)
6-K - TOWER SEMICONDUCTOR LTD (0000928876) (Filer)
Tower Semiconductor Ltd (NASDAQ:TSEM) reported a fiscal second-quarter 2024 revenue decline of 1.7% year-on-year to $351.2 million, beating the analyst consensus estimate of $350.1 million. The Israel-based contract chipmaker's adjusted EPS of $0.53 beat the analyst consensus estimate of $0.45. Gross profit was $86.9 million, up 0.5% Y/Y. The margin improved by 53 bps to 24.8%. Operating profit of $55.1 million climbed 9% Y/Y. The company generated $113 million in operating cash flow and held $1.23 billion in cash and equivalents as of June-end. Outlook: Tower Semiconductor expects third-quarter revenue of $370 million, with an upward or downward range of 5% versus the $369.9 mil
Business Outlook Tower Semiconductor guides revenue for the third quarter of 2024 to be $370 million, with an upward or downward range of 5%. Mid-range guidance reflects year over year and quarter over quarter growth.
Susquehanna upgraded Tower Semi from Neutral to Positive and set a new price target of $55.00 from $36.00 previously
Susquehanna initiated coverage of Tower Semi with a rating of Neutral and set a new price target of $36.00
The Benchmark Company initiated coverage of Tower Semi with a rating of Buy and set a new price target of $35.00
MIGDAL HAEMEK, Israel – October 21, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its third quarter 2024 earnings release on Wednesday, November 13, 2024. The Company will hold a conference call to discuss its third-quarter 2024 financial results and fourth-quarter 2024 guidance on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time). The call will be webcast and available through the Investor Relations section of Tower Semiconductor's website at https://ir.towersemi.com/, where the pre-registration form required for dia
MIGDAL HAEMEK, Israel, July 24, 2024 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ:TSEM, TASE: TSEM))) reports today its results for the second quarter ended June 30, 2024. Second Quarter of 2024 Results Overview Revenue for the second quarter of 2024 was $351 million as compared to $327 million for the first quarter of 2024. Gross profit for the second quarter of 2024 was $87 million as compared to $73 million for the first quarter of 2024. Operating profit for the second quarter of 2024 was $55 million and included $6 million restructuring income, net associated with the previously disclosed reorganization and restructure of our Japan operations during 2022, as compared to $34 mill
MIGDAL HAEMEK, Israel – July 3, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its second quarter 2024 earnings release on Wednesday, July 24, 2024. The Company will hold a conference call to discuss its second-quarter 2024 financial results and third-quarter 2024 guidance on Wednesday, July 24, 2024, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time). This call will be webcasted and can be accessed through the Investor Relations section on Tower Semiconductor's website at https://ir.towersemi.com/ or can also be accessed by calling the following nu
MIGDAL HAEMEK, Israel – October 21, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its third quarter 2024 earnings release on Wednesday, November 13, 2024. The Company will hold a conference call to discuss its third-quarter 2024 financial results and fourth-quarter 2024 guidance on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time). The call will be webcast and available through the Investor Relations section of Tower Semiconductor's website at https://ir.towersemi.com/, where the pre-registration form required for dia
Leading-Edge Wi-Fi 7 RF FEMs based on Tower's Advanced 300mm RFSOI Technology Deliver Enhanced Mobile Connectivity Performance and Efficiency MIGDAL HAEMEK, Israel, Sept 10, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced the production of Wi-Fi 7 RF front-end module (FEM) devices based on its advanced 300mm RFSOI technology. Partnering with Broadcom Inc. (NASDAQ:AVGO), Tower has enabled fully integrated Wi-Fi FEM devices on a single RFSOI die. This innovative solution delivers superior performance and efficiency compared to existing non-SOI technologies, setting a new standard in the market fo
MIGDAL HAEMEK, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high value analog semiconductor solutions, today announced its annual Technical Global Symposium (TGS) for 2024. This year's events will be held in person at two locations worldwide—USA and China—and will explore the theme "Empowering the Future: Analog Technology Innovations Shaping Our World". The event will cover key topics such as AI's transformative impact on various industries, technology megatrends, and Tower's pioneering solutions in connectivity, power applications and digital imaging. Attendees will learn how Tower's advanced platforms and design enablem
SC 13G/A - TOWER SEMICONDUCTOR LTD (0000928876) (Subject)
SC 13G/A - TOWER SEMICONDUCTOR LTD (0000928876) (Subject)
SC 13G/A - TOWER SEMICONDUCTOR LTD (0000928876) (Subject)
SolarEdge Technologies, Inc. ("SolarEdge" or the "Company") (NASDAQ:SEDG), a global leader in smart energy technology, announced today the appointment of Ms. Dana Gross as a member of its Board of Directors, effective July 5, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230707196174/en/Dana Gross (Photo: Business Wire) Dana Gross joins SolarEdge as a well-seasoned board member. She will serve on the Board's Audit Committee and qualifies as an Audit Committee financial expert. Ms. Gross currently serves on the board of directors of Tower Semiconductors Ltd. (NASDAQ:TSEM) and Playtika Holding Inc. (NASDAQ:PLTK). Since 2022
TEL AVIV, Israel, July 16, 2021 /PRNewswire/ -- Start-Up Nation Central, the independent not-for-profit organization connecting global corporations, investors, and governments to the Israeli tech innovation ecosystem, today announced the appointment of Avi Hasson as its next Chief Executive Officer. Hasson's career spans executive leadership roles in the business, technology, and not-for-profit sectors. He served as Chief Scientist at Israel's Ministry of Economy and Industry, and as Founding Chairman of the Israel Innovation Authority (IIA), the government entity tasked with