Press coverage about Tower Semiconductor (NASDAQ:TSEM) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tower Semiconductor earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 46.1984994799661 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several research firms have recently issued reports on TSEM. ValuEngine raised Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Craig Hallum reaffirmed a “buy” rating and issued a $39.00 price objective (up from $32.00) on shares of Tower Semiconductor in a research note on Wednesday, November 8th. Needham & Company LLC raised their price objective on Tower Semiconductor from $45.00 to $50.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 30th. Credit Suisse Group raised their price objective on Tower Semiconductor from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Finally, BidaskClub lowered Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $43.75.

Shares of Tower Semiconductor (NASDAQ:TSEM) traded up $0.46 during mid-day trading on Wednesday, hitting $34.27. The company had a trading volume of 304,790 shares, compared to its average volume of 684,638. Tower Semiconductor has a 52-week low of $18.98 and a 52-week high of $36.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.44 and a quick ratio of 2.85. The company has a market cap of $3,140.00, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.13 and a beta of 0.97.

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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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