November 18, 2016 - By Darrin Black · 0 Comments
The stock of Tower Semiconductor Limited Ord (NASDAQ:TSEM) registered a decrease of 0.45% in short interest. TSEM’s total short interest was 2.15 million shares in November as published by FINRA. Its down 0.45% from 2.15M shares, reported previously. With 678,600 shares average volume, it will take short sellers 3 days to cover their TSEM’s short positions. The stock increased 3.77% or $0.66 during the last trading session, hitting $18.16. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) has risen 59.30% since April 18, 2016 and is uptrending. It has outperformed by 54.87% the S&P500.
Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The company has a market cap of $1.63 billion. The Firm focuses on producing integrated circuits based on the design specifications of its customers. It has a 12.21 P/E ratio. The Firm makes semiconductors for its clients primarily based on third-party designs.
Out of 4 analysts covering TowerJazz (NASDAQ:TSEM), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. TowerJazz has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Tuesday, October 20, the company rating was initiated by Drexel Hamilton. The firm earned “Buy” rating on Thursday, August 6 by Chardan Capital Markets. The rating was initiated by Oppenheimer on Tuesday, December 15 with “Outperform”. Needham initiated the stock with “Strong Buy” rating in Friday, January 22 report.
Tower Semiconductor Ltd., incorporated on February 22, 1993, operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Firm focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Firm makes semiconductors for its clients primarily based on third-party designs. It offers process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150 millimeter wafers, 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200 millimeter wafers, and 65 nanometer and 45 nanometer on 300 millimeter wafers. It also provides design support and technical services. The Company’s ICs are incorporated into a range of products in markets, including consumer electronics, personal computers, communications, automotive, industrial and medical device products. The Firm has manufacturing facilities in the United States, Israel and Japan.
More news for Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) were recently published by: Benzinga.com, which released: “Earnings Scheduled For November 15, 2016” on November 15, 2016. Globenewswire.com‘s article titled: “TowerJazz Completes Acquisition of Maxim’s Fabrication Facility in San Antonio …” and published on February 02, 2016 is yet another important article.
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By Darrin Black