Tower Semiconductor (TSEM) Receiving Somewhat Favorable Media Coverage, Report Shows

News coverage about Tower Semiconductor (NASDAQ:TSEM) has trended somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tower Semiconductor earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.9089463245101 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Tower Semiconductor (NASDAQ:TSEM) traded up $0.27 during trading on Friday, reaching $33.73. 394,762 shares of the company’s stock were exchanged, compared to its average volume of 522,634. The firm has a market capitalization of $3,284.69, a P/E ratio of 15.64, a PEG ratio of 1.10 and a beta of 0.97. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.34. Tower Semiconductor has a 1 year low of $18.98 and a 1 year high of $36.69.

A number of analysts have recently weighed in on TSEM shares. BidaskClub raised shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. ValuEngine raised shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group started coverage on shares of Tower Semiconductor in a research report on Tuesday, September 26th. They set an “outperform” rating and a $36.00 price target for the company. Drexel Hamilton raised their price target on shares of Tower Semiconductor from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Craig Hallum reissued a “buy” rating and set a $39.00 price target (up previously from $32.00) on shares of Tower Semiconductor in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $43.75.

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About Tower Semiconductor

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Company manufactures semiconductors for its customers primarily based on third-party designs.

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