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 26.19% above the present share price of $29.32.

Gill expects Tower Semiconductor Ltd to post earnings per share (EPS) of $0.26 for the third 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 $3.01 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 18.8% and a 70.95% 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.

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