TowerJazz Continues Strong Performance: Announces Highest Ever Revenues, EBITDA and Free Cash Flow for the Third Quarter of 2016
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Needham & Company Raises Price Target on Tower Semiconductor (TSEM) Following 3Q Beat and Raise
November 15, 2016 1:51 PM ESTNeedham & Company reiterated a Strong Buy rating on Tower Semiconductor (NASDAQ: TSEM), and raised the price target to $25.00 (from $20.00), following the company's 3Q earnings report. Tower reported record revenue at $326 million, a 7% Q/Q and 34% Y/Y increase. EPS beat at $0.48 compared to previous estimates of $0.41.... More
TowerJazz (TSEM) Tops Q3 EPS by 17c
November 15, 2016 8:50 AM ESTTowerJazz (NASDAQ: TSEM) reported Q3 EPS of $0.58, $0.17 better than the analyst estimate of $0.41. Revenue for the quarter came in at $326 million versus the consensus estimate of $325 million.
Cash and short-term deposits as of September 30, 2016 were $363 million, as compared with $311 million as of June 30,... More
Drexel Hamilton Reiterates Buy on Tower Semiconductor (TSEM) Following 3Q Beat
November 15, 2016 8:23 AM ESTDrexel Hamilton reiterated a Buy rating and $28.00 price target on Tower Semiconductor (NASDAQ: TSEM) following the company's 3Q earnings report. TSEM reported revenue of $326 million, above the Street consensus of $325 million. Adjusted EPS was $0.48, exceeding the Street consensus of $0.41. The company is guiding December... More
