Tower Semiconductor Ltd. (TSEM)

NASDAQ: TSEM · IEX Real-Time Price · USD
31.94
+0.95 (3.07%)
At close: Apr 22, 2024, 4:00 PM
31.90
-0.04 (-0.13%)
After-hours: Apr 22, 2024, 7:35 PM EDT
3.07%
Market Cap 3.54B
Revenue (ttm) 1.42B
Net Income (ttm) 518.49M
Shares Out 110.83M
EPS (ttm) 4.66
PE Ratio 6.65
Forward PE 18.52
Dividend n/a
Ex-Dividend Date n/a
Volume 394,044
Open 31.18
Previous Close 30.99
Day's Range 31.13 - 31.95
52-Week Range 21.43 - 45.87
Beta 0.94
Analysts Strong Buy
Price Target 36.00 (+12.71%)
Earnings Date May 13, 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 3 analysts, the average rating for TSEM stock is "Strong Buy." The 12-month stock price forecast is $36.0, which is an increase of 12.71% from the latest price.

Price Target
$36.0
(12.71% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Tower Semiconductor to Participate at OFC 2024 Highlighting Company's Recent Developments in Silicon Germanium and Silicon Photonics Technologies

MIGDAL HAEMEK, Israel, March 21, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced its participation at upcoming 2024 OF...

4 weeks ago - GlobeNewsWire

Tower Semiconductor Awarded by Northrop Grumman for Supplier Excellence

MIGDAL HAEMEK, Israel, March 20, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced that Northrop Grumman Corporation (NY...

4 weeks ago - GlobeNewsWire

Coherent Awards Tower Semiconductor as an Outstanding Innovation and Technology Supplier for Silicon Photonics based Products

Tower's silicon photonics technology to be deployed by Coherent across multiple data rates for high-speed optical transceivers

5 weeks ago - GlobeNewsWire

Tower Semiconductor and Tianyi Micro Announce Strategic Cooperation in Development of Next Generation OLED Micro Displays for AR/VR

Addressing the growing Chinese and global market needs for advanced AR/VR solutions Based on Tower's high yield, dedicated process for micro display backplane, supporting current-driven OLED pixel des...

2 months ago - GlobeNewsWire

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 ...

2 months 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...

2 months 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.

2 months 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.

2 months 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...

3 months 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

3 months 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...

3 months 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...

4 months ago - GlobeNewsWire

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.

5 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...

6 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

8 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

8 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
8 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
8 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
8 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

8 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
8 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 ...

8 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
8 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
8 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
8 months ago - CNBC Television