Maxim Group Starts Stock Coverage on Tower Semiconductor Ltd (TSEM)
Investment analysts at Maxim Group assumed coverage on shares of Tower Semiconductor Ltd (NASDAQ: TSEM) in a note issued to investors on Friday. The firm set a “buy” rating and a $1.00 price target on the stock.
Shares of Tower Semiconductor Ltd traded up 3.70% during mid-day trading on Friday, hitting $0.8503. Tower Semiconductor Ltd has a 52 week low of $0.60 and a 52 week high of $1.38. The company’s market cap is $270.9 million.
Tower Semiconductor Ltd last announced its earnings results on Thursday, May 17th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.08. Tower Semiconductor Ltd’s revenue was up 39.3% compared to the same quarter last year. On average, analysts predict that Tower Semiconductor Ltd will post $0.03 earnings per share next quarter.
Tower Semiconductor Ltd. (Tower) is an independent specialty foundry dedicated to the manufacture of semiconductors.