Tower Semiconductor (TSEM) Getting Somewhat Favorable Press Coverage, Study Shows

Press coverage about Tower Semiconductor (NASDAQ:TSEM) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tower Semiconductor earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.3659555213183 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Tower Semiconductor (NASDAQ:TSEM) traded down $0.30 during midday trading on Friday, hitting $34.91. 1,142,540 shares of the company’s stock were exchanged, compared to its average volume of 618,681. The company has a market capitalization of $3,427.04, a PE ratio of 16.31, a PEG ratio of 1.15 and a beta of 0.97. Tower Semiconductor has a 12-month low of $17.51 and a 12-month high of $36.69. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.34.

Several research analysts have commented on TSEM shares. BidaskClub upgraded shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. ValuEngine upgraded shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group started coverage on shares of Tower Semiconductor in a research report on Tuesday, September 26th. They set an “outperform” rating and a $36.00 price objective for the company. Drexel Hamilton boosted their target price on shares of Tower Semiconductor from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $39.00 target price (up previously from $32.00) on shares of Tower Semiconductor in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $43.75.

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About Tower Semiconductor

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Company manufactures semiconductors for its customers primarily based on third-party designs.

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