Tower Semiconductor (TSEM) Tops Q3 EPS by 4c

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TowerJazz (TSEM) PT Raised to $45 at Needham & Company

November 9, 2021 7:46 AM EST

Needham & Company analyst Rajvindra S. Gill raised the price target on TowerJazz (NASDAQ: TSEM) to $45.00 (from $37.00) while maintaining a Buy rating.

The analyst commented, "Tower Semiconductor reported Sales/Non-GAAP EPS of $387MM/$0.41, ahead of our estimates of $385MM/$0.39. The company... More