Needham Stick to Their Buy Rating for Tower Semiconductor Ltd By Investing.com

Needham analyst Rajvindra Gill maintained a Buy rating on Tower Semiconductor (NASDAQ:) Ltd on Tuesday, setting a price target of $37, which is approximately 31.35% above the present share price of $28.17.

Gill expects Tower Semiconductor Ltd to post earnings per share (EPS) of $0.26 for the second quarter of 2021.

The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Tower Semiconductor, with an average price target of $34.5.
The analysts price targets range from a high of $37 to a low of $32.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $347.21 million and a net profit of $32.48 million. The company’s market cap is $3.04 billion.

According to TipRanks.com, Needham analyst Rajvindra Gill is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.3% and a 72.01% success rate.

Tower Semiconductor Ltd. engages in the manufacture of integrated circuits. the firm operates through the TowerJazz brand. Its process platforms include SiGe, BiCMOS, mixed-signal/CMOS, radio frequency complementary metal-oxide semiconductor, CMOS image sensor, integrated power management, and micro-electromechanical systems. It also provides design enablement, transfer optimization, and development process services to integrated device manufacturers and fabless companies. The company was founded in 1993 and is headquartered in Migdal Haemek, Israel.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.