Tower Semiconductor (TSEM) Tops Q1 EPS by 2c; Guides Q2 Revs Above Views

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Tower Semiconductor (TSEM) PT Raised to $35 at Needham & Company

May 8, 2017 1:57 PM EDT

Needham & Company raised its price target on Tower Semiconductor (NASDAQ: TSEM) to $35.00 (from $30.00) while maintaining a Strong Buy rating. Tower Jazz reported 1Q revenue of $330M, up 19% Y/Y, Non-GAAP EPS came in at $0.49 vs. estimates of $0.40, and Non-GAAP gross margins for the... More