Tower Semiconductor Ltd. (USA) (TSEM) Can’t Be More Hot. Just Reaches 52-Week High

July 17, 2017 - By Vivian Park

The stock of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) hit a new 52-week high and has $28.30 target or 7.00 % above today’s $26.45 share price. The 6 months bullish chart indicates low risk for the $2.46B company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $28.30 price target is reached, the company will be worth $172.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 449,895 shares traded. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) has risen 122.17% since July 17, 2016 and is uptrending. It has outperformed by 105.47% the S&P500.

Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) Ratings Coverage

Among 4 analysts covering TowerJazz (NASDAQ:TSEM), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TowerJazz had 6 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by Needham on Friday, January 22 with “Strong Buy”. Drexel Hamilton initiated the shares of TSEM in report on Tuesday, October 20 with “Buy” rating. The rating was maintained by Needham on Wednesday, June 21 with “Buy”. The firm has “Outperform” rating by Oppenheimer given on Tuesday, December 15. The firm earned “Buy” rating on Friday, June 9 by Needham. Chardan Capital Markets maintained it with “Buy” rating and $23 target in Thursday, August 6 report.

More news for Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) were recently published by: Benzinga.com, which released: “Watch These 7 Huge Call Purchases In Thursday Trade” on July 13, 2017. Benzinga.com‘s article titled: “Tower Semiconductor Reaches January 2011 Levels After Q4 Beat” and published on February 13, 2017 is yet another important article.

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The company has market cap of $2.46 billion. The Firm focuses on producing integrated circuits based on the design specifications of its customers. It has a 15.86 P/E ratio. The Firm makes semiconductors for its clients primarily based on third-party designs.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.