TSEM.TA - Tower Semiconductor Ltd.

Tel Aviv - Tel Aviv Delayed Price. Currency in ILS
7,795.00
-171.00 (-2.15%)
At close: 4:24PM IST
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Previous Close7,966.00
Open7,860.00
Bid7,790.00 x 197000
Ask7,796.00 x 22000
Day's Range7,790.00 - 7,886.00
52 Week Range5,041.00 - 8,147.00
Volume67,650
Avg. Volume179,134
Market Cap8.316B
Beta (3Y Monthly)N/A
PE Ratio (TTM)7,740.81
EPS (TTM)1.01
Earnings DateFeb 17, 2020 - Feb 21, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date1997-09-24
1y Target Est20.00
  • Reuters

    UPDATE 1-TowerJazz shares fall after revenue outlook disappoints

    Israeli chip manufacturer TowerJazz's forecast for fourth-quarter sales came in lower than market expectations, sending its shares down sharply on Wednesday. TowerJazz, which makes analogue chips used in cars, medical sensors and power management, reported third-quarter earnings roughly in line with analysts forecasts, but also said fourth-quarter revenue would be in a range of 5% above or below $312 million. "Fourth quarter sales guidance (was) slightly below expectations," said Credit Suisse analyst Quang Tung Le, noting that a midpoint of $312 million in revenue would be 7% below a year ago and as well as lower than analysts' expectations.

  • Reuters

    Chipmaker TowerJazz Q3 profit slightly tops forecast

    Israeli chip manufacturer TowerJazz beat earnings forecasts by a cent in the third quarter and said its plan to expand production capacity at a plant in Japan was on track. TowerJazz, which specialises in analogue chips used in cars, medical sensors and power management, posted on Wednesday diluted earnings per share excluding one-time items of 25 cents in the quarter, down from 37 cents a year earlier. TowerJazz expects fourth-quarter revenue in a range of 5 percent above or below $312 million.

  • GlobeNewswire

    TowerJazz Announces Third Quarter 2019 Results

    MIGDAL HAEMEK, Israel, Nov. 13, 2019 -- TowerJazz (NASDAQ: TSEM & TASE: TSEM) reported today its results for the third quarter ended September 30, 2019. Third Quarter.

  • Did Hedge Funds Drop The Ball On Tower Semiconductor Ltd. (TSEM)?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Tower Semiconductor Ltd. (TSEM)?

    There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]

  • 3 Breakout Performances Heading Into the Holiday Season
    TheStreet.com

    3 Breakout Performances Heading Into the Holiday Season

    The move above the recent price consolidation gives us a breakout from a bullish flag pattern. Rather than doubling up with a similar pattern to Apple, for TSEM the "W" pattern gives us a building bullish pattern with slightly stronger support due to multiple layers of price action underneath. Apple has the flag, but support gets thin below those levels.

  • Sony’s Spinoff Snub Shows Activist Investor Loeb Was Right
    Bloomberg

    Sony’s Spinoff Snub Shows Activist Investor Loeb Was Right

    (Bloomberg Opinion) -- Now that they’ve snubbed activist investor Dan Loeb’s spinoff proposal, the onus is on Sony Corp.’s management to turn their imaging and sensing solutions business into something meaningful.Loeb’s Third Point LLC challenged Sony in a June 13 letter to split the company in two: A new Sony focused on entertainment; and Sony Technologies, which would comprise the image sensors which are used in most of the world’s smartphones. Doing so would unlock the potential of this semiconductor business, which has been underappreciated both at Sony and among investors.In Third Point’s view, Sony suffers from the common phenomenon of conglomerate discount. The complexity of its portfolio of businesses makes it difficult for investors to forecast and model numerous and sometimes unrelated earnings drivers. Third Point summarized the unit’s status succinctly: “Contributing only 18% of Sony’s consolidated earnings, this division is often treated by investors as an afterthought” As a standalone company, it argued, Sony Technologies would no longer be a buried,  “uncut rough stone.’’ A spinoff would  be able to attract investors with specific interest in semiconductor companies who might better appreciate its technological edge. Sony’s response this week in a letter to shareholders essentially says, Yes, you’re right. Our sensor business is awesome and has great potential. But we’re keeping it.Sony hasn’t been shy to dump units. In the past few years, it sold off the iconic Vaio computer business, overhauled its television division and retreated from a losing battle for market share in mobile phones. All of which have helped improve margins.Yet management justified holding onto the sensor business by explaining that a spinoff would create “meaningful sources of dis-synergy” if it was separated from Sony. It cited the example of how technology for its CMOS image sensors, which combine photo diodes (that convert light into current) with logic circuits (that process it), came about because the team accumulated such expertise when it developed systems for the PlayStation 3 games console.That’s a compelling argument. Except that the PS3 was released 13 years ago.Having Sony itself as a key Sony semiconductors client might strengthen the case for working side-by-side. But, inter-segment revenue for this unit was just 1.4% last year. This suggests that the parent is not a key customer for its semiconductor unit, or that the core business isn’t adequately compensating this division for the work it provides. Either scenario only strengthens Third Point’s thesis that the division isn’t afforded the value it deserves by investors, nor by Sony itself.This also suggests that most of the division’s customers are external and it would deal with them at arm’s length anyway.Further making the case that the division isn’t being fully leveraged are its financials. Sony has done a good job of improving profitability at this unit, from 0.2% operating margin in fiscal 2013 to 12.5% last year. But a 12.5% operating margin for a business that has a 70% share of the smartphone image sensor market is underwhelming.Rival Tower Semiconductor Ltd. has achieved figures as high as 16.1% and reported 11.9% operating margin last year. To be clear, image sensors are only one of Tower’s offerings, but the fact that Sony has few peers in this product segment tells you that profitability ought to be pretty high if only because clients have few other choices.Even though Sony has decided to reject Loeb’s advice while talking up the image sensor business, Third Point won’t be losing. Sony’s stock is up 32% since Reuters reported this latest stake-building in April, and 19% from when the New York-based hedge fund published its letter on Sony.Instead, if Sony management can’t live up to its promise to turn this technological edge into fatter profits, then even non-activist investors will punish them.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of TSEM.TA earnings conference call or presentation 29-Jul-19 2:00pm GMT

    Q2 2019 Tower Semiconductor Ltd Earnings Call

  • Impinj Earnings Beat Expectations, But Stock Wavers Late
    Investor's Business Daily

    Impinj Earnings Beat Expectations, But Stock Wavers Late

    Tracking-chip maker Impinj late Monday beat Wall Street's targets for sales and earnings in the second quarter. But the Impinj earnings report caused its stock to waver in extended trading.

  • Why Luckin Coffee, Tower Semiconductor, and ICICI Bank Jumped Today
    Motley Fool

    Why Luckin Coffee, Tower Semiconductor, and ICICI Bank Jumped Today

    These stocks stood out on a mixed day on Wall Street.

  • Tower Semiconductor Ltd (TSEM) Q2 2019 Earnings Call Transcript
    Motley Fool

    Tower Semiconductor Ltd (TSEM) Q2 2019 Earnings Call Transcript

    TSEM earnings call for the period ending June 30, 2019.

  • Reuters

    Chipmaker TowerJazz Q2 profit tops forecast, to expand capacity

    Israeli chip manufacturer TowerJazz reported a less than expected drop in second quarter profit and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand. TowerJazz, which specialises in analogue chips used in cars, medical sensors and power management, posted on Monday diluted earnings per share excluding one-time items of 24 cents in the quarter, down from 42 cents a year earlier. Due to forecasted customer demand exceeding the current capacity at its joint venture with Panasonic in Japan, TowerJazz said it will expand capacity for power management and image sensor platforms.

  • GlobeNewswire

    TowerJazz Announces Second Quarter 2019 Results with Strong Organic Growth and Guides Third Quarter Revenue Increase with Continued Organic Growth

    MIGDAL HAEMEK, Israel, July 29, 2019 -- TowerJazz (NASDAQ: TSEM & TASE: TSEM) reported today its results for the second quarter ended June 30, 2019. Second Quarter Results.

  • GlobeNewswire

    Teledyne e2v’s Emerald 67M, Ultra-high Resolution Image Sensor Now Available

    GRENOBLE, France and MIGDAL HAEMEK, Israel, June 12, 2019 -- Teledyne e2v, a Teledyne Technologies company and global innovator of imaging solutions, and TowerJazz.

  • Thomson Reuters StreetEvents

    Edited Transcript of TSEM.TA earnings conference call or presentation 15-May-19 2:00pm GMT

    Q1 2019 Tower Semiconductor Ltd Earnings Call

  • Tower Semiconductor Ltd (TSEM) Q1 2019 Earnings Call Transcript
    Motley Fool

    Tower Semiconductor Ltd (TSEM) Q1 2019 Earnings Call Transcript

    TSEM earnings call for the period ending March 31, 2019.

  • Associated Press

    Tower Semiconductor: 1Q Earnings Snapshot

    The Migdal Haemek, Israel-based company said it had net income of 25 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 30 cents per share. The chipmaker posted ...

  • Reuters

    Chipmaker TowerJazz Q1 profit drop meets expectations

    Israeli chip manufacturer TowerJazz reported lower quarterly net profit that met estimates and forecast second-quarter revenue also in-line with expectations. TowerJazz, which specialises in analogue chips used in cars, medical sensors and power management, posted on Wednesday diluted earnings per share excluding one-time items of 29 cents in the first quarter, down from 31 cents a year earlier.

  • GlobeNewswire

    TowerJazz Announces First Quarter 2019 Results: Revenues of $310 million, Cash from Operations of $75 million and Net Profit of $26 million

    MIGDAL HAEMEK, Israel, May 15, 2019 -- TowerJazz (NASDAQ: TSEM & TASE: TSEM) reported today revenues of $310 million, EBITDA of $79 million, cash from operations of $75.

  • Benzinga

    Tower Semiconductor Q1 Earnings Preview

    On Wednesday, May 15, Tower Semiconductor (NASDAQ: TSEM ) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Wall Street analysts see Tower Semiconductor ...

  • Thomson Reuters StreetEvents

    Edited Transcript of TSEM.TA earnings conference call or presentation 19-Feb-19 3:00pm GMT

    Q4 2018 Tower Semiconductor Ltd Earnings Call

  • Why Tower Semiconductor Stock Popped 13%
    Motley Fool

    Why Tower Semiconductor Stock Popped 13%

    That's actually a very good question.

  • Reuters

    Chipmaker TowerJazz sees core business growing in 2019

    Israeli chip manufacturer TowerJazz said it expected its main business units to grow further this year, as it reported higher fourth-quarter profit but cautioned the sector had entered 2019 facing macro-economic headwinds. CEO Russell Ellwanger declined to give a full-year forecast after the company recorded $1.3 billion in 2018 revenue but said that its various businesses were performing well with significant contracts forged recently. "We see core business growth throughout the year," he told Reuters.

  • Reuters

    Chipmaker TowerJazz Q4 profit gains, sees economic headwinds in 2019

    Israeli chip manufacturer TowerJazz reported higher quarterly net profit but slightly missed estimates and forecast first-quarter revenue in-line with expectations, saying it enters 2019 with geo-economic ...