Needham & Company Raises Price Target on Tower Semiconductor (TSEM) Following 3Q Beat and Raise

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TowerJazz (Nasdaq: TSEM) to Ring The Nasdaq Stock Market Opening Bell

November 15, 2016 10:00 AM EST

ADVISORY, Nov. 15, 2016 (GLOBE NEWSWIRE) --

What: TowerJazz (Nasdaq: TSEM), the global specialty foundry leader, will visit the Nasdaq MarketSite in Times Square.

In honor of the occasion, Russell C. Ellwanger, Chief Executive Officer, will ring the Opening Bell. 

Where:Nasdaq MarketSite 4 Times Square 43rd & Broadway Broadcast Studio

When:Wednesday, November 16, 2016 9:15 a.m. to 9:30 a.m. ET      

TowerJazz Media Contact:Noit Levy-Karoubi+972 4 604... More

TowerJazz Continues Strong Performance: Announces Highest Ever Revenues, EBITDA and Free Cash Flow for the Third Quarter of 2016

November 15, 2016 6:30 AM EST

Revenues up 34% year over year; EBITDA up 54% year over year resulting in Net Profit of $51 million and Cash from Operations of $86 million

Further Revenue Growth Guided For the Fourth Quarter of 2016

MIGDAL HAEMEK, Israel, Nov. 15, 2016 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ: TSEM) (TASE: TSEM) today reported results for the third quarter of 2016 ended September 30, 2016.

Highlights of the Third Quarter of 2016

Record revenues of $326... More