TSEM Stock Recent News

MIGDAL HAEMEK, Israel – January 24, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its fourth quarter and fiscal year 2023 earnings release on Wednesday, February 14, 2024. The Company will hold a conference call to discuss its fourth quarter and fiscal year 2023 financial results and first quarter 2024 guidance on Wednesday, February 14, 2024, at 10:30 a.m. Eastern Time (09:30 a.m. Central, 08:30 a.m. Mountain, 07:30 a.m. Pacific and 05:30 p.m. Israel time).

While Nvidia (NASDAQ: NVDA ) may have stolen the spotlight when it comes to the best semiconductor stocks, it's not the only idea out there. Not to pick on the graphics processing specialist – it's doing just fine.

Tower Semiconductor presents a compelling investment opportunity with a low valuation and potential for growth. In recent news, TSEM has entered into a partnership with Intel which lends them to new market opportunities, to help drive more earnings growth. The valuation of the business remains appealing as it sits below historical levels, and leaving a very good upside as my price target lands at $38.

Tower Semiconductor's stock price is not keeping pace with other chip foundry companies due to factors including the impact of the ME war and disappointment in a failed buyout. Tower Semiconductor is seen as a potential opportunity for retail value investors with patience and risk tolerance. Tower Semiconductor specializes in analog semiconductor solutions and has the potential for growth as demand for analog chips increases.

MIGDAL HAEMEK, Israel, Dec. 11, 2023 (GLOBE NEWSWIRE) – Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced that its President, Dr. Marco Racanelli, will present at the 26th Annual Needham Growth Conference.

Tower Semiconductor Ltd. NASDAQ: TSEM is a well-positioned player in the global semiconductor market.

Israeli semiconductor firm Tower Semiconductor is expecting a downturn in quarterly revenue, citing challenges within the chip industry as companies grapple with a supply glut, leading to corrective measures in inventory management. The company, which specializes in manufacturing analog and mixed-signal semiconductors primarily used in automotive applications, is forecasting revenue of $350 million for its fourth quarter, indicating a decline of over 13% from the same period a year ago.

Weak industry conditions, a failure to close the merger, and geopolitical tensions have all weighed on Tower Semiconductor's prospects this year. TSEM is not sitting on its hands from the failed deal and has moved on to sign a new collaboration with Intel, which makes a lot of sense to us. There are signs that the worst is over, and TSEM could deliver solid operating leverage next year.

MIGDAL HAEMEK, Israel – October 23, 2023 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its third quarter 2023 earnings release on Monday, November 13, 2023. The Company will hold a conference call to discuss its third quarter 2023 financial results and fourth quarter 2023 guidance on Monday, November 13, 2023, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time).

Tower Semiconductor and Intel recently announced a new manufacturing partnership. Tower could get access to more affordable manufacturing expansion via Intel, and Intel could get much-needed cash.