Somewhat Positive Press Coverage Somewhat Unlikely to Affect Tower Semiconductor (TSEM) Stock Price

Headlines about Tower Semiconductor (NASDAQ:TSEM) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of media 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 one, with scores nearest to one being the most favorable. Tower Semiconductor earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.8349366608014 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Tower Semiconductor (NASDAQ:TSEM) opened at $35.55 on Wednesday. The firm has a market cap of $3,310.00, a P/E ratio of 19.53, a PEG ratio of 0.97 and a beta of 0.96. Tower Semiconductor has a 52 week low of $19.68 and a 52 week high of $36.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.85 and a current ratio of 3.44.

TSEM has been the subject of a number of research reports. Credit Suisse Group initiated coverage on Tower Semiconductor in a research note on Tuesday, September 26th. They set an “outperform” rating and a $36.00 target price for the company. Drexel Hamilton increased their target price on Tower Semiconductor from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Craig Hallum reissued a “buy” rating and set a $39.00 target price (up from $32.00) on shares of Tower Semiconductor in a research note on Wednesday, November 8th. Needham & Company LLC increased their target price on Tower Semiconductor from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 30th. Finally, BidaskClub cut Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average 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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