TowerJazz Reports Increase in Revenue, EBITDA and Net Profit for the First Quarter of 2016
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Needham & Company Reiterates Strong Buy Following TowerJazz's (TSEM) 1Q
May 9, 2016 2:23 PM EDTNeedham & Company maintained a Strong Buy rating and $18.00 price target on Tower Semiconductor (NASDAQ: TSEM) following the company's 1Q earnings report.
Analyst Rajvindra Gill commented, "We are maintaining our Strong Buy and $18 PT following a solid beat and raise quarter. As telegraphed, the... More
Tower Semiconductor (TSEM) Beat/Raise Plus More Conservative Reporting - Drexel Hamilton
May 9, 2016 12:46 PM EDTDrexel Hamilton analyst, Cody Acree, reiterated his Buy rating and $28 PT on Tower Semiconductor (NASDAQ: TSEM) after the company not only beat consensus expectations for the current quarter but also showed accelerating growth for the coming June quarter.
Tower delivered a solid upside report, on both a revenue and earnings basis, and gave a June outlook that was even more encouraging. Sales grew 23% annually in March and are expected to grow 27% in the June quarter.
... More
TowerJazz (TSEM) Tops Q1 EPS by 12c
May 9, 2016 8:54 AM EDTTowerJazz (NASDAQ: TSEM) reported Q1 EPS of $0.78, $0.12 better than the analyst estimate of $0.66. Revenue for the quarter came in at $278 million versus the consensus estimate of $275.93 million.
Cash and short-term deposits balance as of March 31, 2016 was $245 million, as compared with $206 million as of December... More
