Tower Semiconductor Ltd. (TSEM)

NASDAQ: TSEM · IEX Real-Time Price · USD
33.27
-0.25 (-0.75%)
At close: Feb 23, 2024, 4:00 PM
33.47
+0.20 (0.60%)
After-hours: Feb 23, 2024, 6:14 PM EST
-0.75%
Market Cap 3.62B
Revenue (ttm) 1.42B
Net Income (ttm) 518.49M
Shares Out 108.88M
EPS (ttm) 4.66
PE Ratio 7.14
Forward PE 18.52
Dividend n/a
Ex-Dividend Date n/a
Volume 755,291
Open 33.45
Previous Close 33.52
Day's Range 32.24 - 33.69
52-Week Range 21.43 - 45.87
Beta 0.94
Analysts Strong Buy
Price Target 36.00 (+8.21%)
Earnings Date Feb 14, 2024

About TSEM

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. The Company also provides design enablement platform for quick and accurate design cycle, as well as transfer optimization and development process s... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Oct 25, 1994
Employees 5,613
Stock Exchange NASDAQ
Ticker Symbol TSEM
Full Company Profile

Financial Performance

In 2023, TSEM's revenue was $1.42 billion, a decrease of -15.20% compared to the previous year's $1.68 billion. Earnings were $518.49 million, an increase of 95.98%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for TSEM stock is "Strong Buy." The 12-month stock price forecast is $36.0, which is an increase of 8.21% from the latest price.

Price Target
$36.0
(8.21% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Tower Semiconductor to Present at APEC 2024 Highlighting Company's Recent Developments in BCD Technology

Addressing high voltage, high power BCD technologies for smart power applications MIGDAL HAEMEK, Israel, February 22, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high-value ...

3 days ago - GlobeNewsWire

Tower Semiconductor to Attend the Susquehanna Technology Conference in New York

MIGDAL HAEMEK, Israel, February 20, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced that its President, Dr. Marco Rac...

5 days ago - GlobeNewsWire

Tower Semiconductor's Q4 revenue drops on softening demand for auto chips

Israel-based contract chipmaker Tower Semiconductor posted a decline in its fourth-quarter revenue on Wednesday, hurt by uncertainty in demand from the automotive sector.

11 days ago - Reuters

Tower Semiconductor Reports 2023 Fourth Quarter and Full Year Financial Results

MIGDAL HAEMEK, Israel, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter and for the year ended December 31, 2023.

11 days ago - GlobeNewsWire

Tower Semiconductor Announces Fourth Quarter and Fiscal Year 2023 Financial Results and Conference Call

MIGDAL HAEMEK, Israel – January 24, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its fourth quarter and fiscal year 202...

4 weeks ago - GlobeNewsWire

Tower Semiconductor Collaborates with Renesas to Manufacture SiGe-based Beamforming ICs for Tier-1 Customers in Satcom, 5G, and Aerospace & Defense Applications

The Satcom terrestrial market is expected to grow to 150M users by 2031 according to Euroconsult with the expansion of global satellite-based internet services

5 weeks ago - GlobeNewsWire

Tower Semiconductor Update Following Recent Earthquake in Japan

MIGDAL HAEMEK, Israel, Jan. 02, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leader in high-value analog semiconductor foundry solutions,), the leading foundry of high-value analog semiconduct...

7 weeks ago - GlobeNewsWire

Tower Semiconductor to Present at the 26th Annual Needham Growth Conference in New York

MIGDAL HAEMEK, Israel, Dec. 11, 2023 (GLOBE NEWSWIRE) – Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced that its Pres...

2 months ago - GlobeNewsWire

4 deep values for opportunistic investing

Value is where you find it. Today, you can find it with Tower Semiconductor Ltd.

Other symbols: BHHHJCI
3 months ago - MarketBeat

Left for dead, Tower Semiconductor is a phoenix rising

Tower Semiconductor Ltd. NASDAQ: TSEM is a well-positioned player in the global semiconductor market.

3 months ago - MarketBeat

Tower Semiconductor Reports 2023 Third Quarter Financial Results

MIGDAL HAEMEK, Israel, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the third quarter ended September 30, 2023.

3 months ago - GlobeNewsWire

Tower Semiconductor Announces Third Quarter 2023 Financial Results and Conference Call

MIGDAL HAEMEK, Israel – October 23, 2023 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its third quarter 2023 earnings releas...

4 months ago - GlobeNewsWire

Tower Semiconductor and Fortsense Introduce a Co-Developed Highly Advanced 3D Imager for LiDAR Applications

Based on Tower's advanced 65nm Stacked BSI CIS platform with hybrid bonding for advanced ToF (Time-of-Flight) and Global Shutter sensors

5 months ago - GlobeNewsWire

Tower Semiconductor and InnoLight Partner to Develop Multi-Generation Silicon Photonics Based Optical Transceivers

400G/800G Transceivers b uilt on Tower's p roduction PH18M Silicon Photonics p latform

6 months ago - GlobeNewsWire

Intel and Tower ink major foundry deal, $300M investment after Intel cancels its $5.4B Tower acquisition

Two weeks after Intel said it would cancel its plan to acquire Tower Semiconductor for $5.4 billion amidst pushback from regulators, the two companies intend to work together anyway. Intel today said ...

Other symbols: INTC
6 months ago - TechCrunch

Intel notches new foundry arrangement with Tower Semiconductor

Intel Corp. INTC, +4.18% has struck an agreement with Tower Semiconductor TSEM, +0.86% through which Intel will provide foundry services and 300-millimeter manufacturing capacity, the companies said T...

Other symbols: INTC
6 months ago - Market Watch

Intel Foundry Services and Tower Semiconductor Announce New US Foundry Agreement

SANTA CLARA, Calif. & MIGDAL HAEMEK, Israel--(BUSINESS WIRE)--Intel Foundry Services and Tower Semiconductor announce an agreement where Intel will provide foundry services and manufacturing capacity ...

Other symbols: INTC
6 months ago - Business Wire

Tower Semiconductor and TriEye Deliver Revolutionary CMOS-based SWIR Sensors for the Automotive ADAS Market

Demonstrating superb performance with a 1.3Mp 7um pixel pitch sensor array with excellent response in the SWIR spectrum

6 months ago - GlobeNewsWire

Intel Shows Why Global Chip M&A Is off the Table

China has limited options to strike back in silicon war—but withholding deal approval is a big one.

Other symbols: INTC
6 months ago - WSJ

Tower Semiconductor Announces Investor and Analyst Conference Call

MIGDAL HAEMEK, Israel, August 17, 2023 – Tower Semiconductor (NASDAQ: TSEM; TASE: TSEM) today announced it will hold an Investor and Analyst conference call to discuss business, technology focus, and ...

6 months ago - GlobeNewsWire

Intel calls off $5.4 billion chip deal after failing to get regulatory approval

Intel has pulled out of a major acquisition of an Israeli chipmaker after failing to obtain the required regulatory approval.

Other symbols: INTC
6 months ago - CNN Business

Intel scraps plans of buying Tower Semiconductor: find out more

Intel Corporation (NASDAQ: INTC) ended more than 3.0% down on Wednesday after ditching plans of buying Tower Semiconductor Ltd for $5.4 billion. Why did Intel terminate the Tower deal today?

Other symbols: INTC
6 months ago - Invezz

Intel terminates its acquisition of Israeli chipmaker Tower Semiconductor

CNBC's Kristina Partsinevelos joins 'Power Lunch' to discuss Intel scrapping $5.4 billion bid for chipmaker after China withholds approval.

Other symbols: INTC
6 months ago - CNBC Television

Intel abandons $5.4 bn deal to buy Israel's Tower Semiconductor

Intel Corporation has terminated a $5.4 billion deal to buy Tower Semiconductor in Israel after failing to get needed regulatory approval, the US chip maker announced Wednesday.

Other symbols: INTC
6 months ago - TechXplore

Intel drops multibillion-dollar deal to buy Israeli chipmaker Tower Semiconductor

Intel Corp. scrapped a $5.4 billion deal to acquire contract chipmaker Tower Semiconductor after the merger agreement expired without China giving regulatory approval.

Other symbols: INTC
6 months ago - Fox Business