Profile
Sector:
TechnologyIndustry:
SemiconductorsCountry:
IsraelIPO:
26 October 1994Website:
http://towersemi.comNext earnings report:
26 July 2024Last dividends:
24 September 1997Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:44:36 GMTDividend
Analysts recommendations
Institutional Ownership
TSEM Latest News
MIGDAL HAEMEK, Israel – July 3, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its second quarter 2024 earnings release on Wednesday, July 24, 2024. The Company will hold a conference call to discuss its second-quarter 2024 financial results and third-quarter 2024 guidance on Wednesday, July 24, 2024, 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 reported its FY23 financial results, showing declines in revenues but with signs of improvement in demand across different sectors. The company has a healthy liquidity position with a current ratio of 6, indicating no risk of insolvency or liquidity problems. Tower Semiconductor's management is focused on optimizing operations and phasing out lower-margin products to improve efficiency and profitability. The company expects a rebound in the mobile and automotive segments, as well as potential growth from AI applications.
Addressing high voltage, high power BCD technologies for smart power applications MIGDAL HAEMEK, Israel, February 22, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced its participation at upcoming 2024 APEC conference to be held February 26th - 28th in Long Beach, California, highlighting the Company's advanced Power Management platform and recent technology developments addressing the emerging needs of consumer, communications, EV, industrial and computing market applications. During the conference, Mr.
Tower Semiconductor beat sales and earnings expectations in the fourth quarter. Revenue was still down in Q4, but there are signs that the business is emerging from its cyclical downturn.
Tower Semiconductor Ltd. (TSEM) Q4 2023 Earnings Call Transcript
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.
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.
What type of business is Tower Semiconductor?
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, other Asia countries, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The company also offers wafer fabrication services and design enablement platform for design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.
What sector is Tower Semiconductor in?
Tower Semiconductor is in the Technology sector
What industry is Tower Semiconductor in?
Tower Semiconductor is in the Semiconductors industry
What country is Tower Semiconductor from?
Tower Semiconductor is headquartered in Israel
When did Tower Semiconductor go public?
Tower Semiconductor initial public offering (IPO) was on 26 October 1994
What is Tower Semiconductor website?
https://towersemi.com
Is Tower Semiconductor in the S&P 500?
No, Tower Semiconductor is not included in the S&P 500 index
Is Tower Semiconductor in the NASDAQ 100?
No, Tower Semiconductor is not included in the NASDAQ 100 index
Is Tower Semiconductor in the Dow Jones?
No, Tower Semiconductor is not included in the Dow Jones index
When does Tower Semiconductor report earnings?
The next expected earnings date for Tower Semiconductor is 26 July 2024