Tower Semiconductor Ltd. – Ordinary Shares (TSEM) “Outperform” Rating Kept at Credit Suisse; With $40 Target; Shorts at M1 LTD (MBOFF) Lowered By 23.45%

November 15, 2017 - By Kurt Siggers

Among 7 analysts covering TowerJazz (NASDAQ:TSEM), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. TowerJazz has $39.0 highest and $18 lowest target. $30.60’s average target is -9.79% below currents $33.92 stock price. TowerJazz had 16 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Monday, August 21 by Needham. The stock has “Buy” rating by Needham on Friday, June 9. Needham maintained Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) rating on Thursday, September 7. Needham has “Buy” rating and $35.0 target. The rating was initiated by Oppenheimer on Tuesday, December 15 with “Outperform”. On Friday, January 22 the stock rating was initiated by Needham with “Strong Buy”. The rating was maintained by Chardan Capital Markets with “Buy” on Thursday, August 6. The rating was maintained by Craig Hallum with “Buy” on Wednesday, November 8. As per Wednesday, June 21, the company rating was maintained by Needham. Drexel Hamilton maintained Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) rating on Thursday, August 3. Drexel Hamilton has “Buy” rating and $3100 target. The stock of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) earned “Hold” rating by Wells Fargo on Wednesday, August 2.

M1 LTD (OTCMKTS:MBOFF) had a decrease of 23.45% in short interest. MBOFF’s SI was 748,900 shares in November as released by FINRA. Its down 23.45% from 978,300 shares previously. It closed at $1.28 lastly. It is down 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

M1 Limited is a Singapore-based communications company. The company has market cap of $1.20 billion. The principal activities of the Company and its subsidiaries are the provision of telecommunications services, international call services and fixed services, retail sales of telecommunications equipment and accessories, and customer services. It currently has negative earnings. The Firm operates fourth generation long-term evolution , third generation (3G)/high speed packet access (HSPA) networks.

It closed at $33.92 lastly. It is down 122.17% since November 15, 2016 and is uptrending. It has outperformed by 105.47% the S&P500.

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The company has market cap of $3.19 billion. The Firm focuses on producing integrated circuits based on the design specifications of its customers. It has a 18.91 P/E ratio. The Firm makes semiconductors for its clients primarily based on third-party designs.

Analysts await Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) to report earnings on February, 12. They expect $0.56 EPS, up 7.69% or $0.04 from last year’s $0.52 per share. TSEM’s profit will be $52.67M for 15.14 P/E if the $0.56 EPS becomes a reality. After $0.60 actual EPS reported by Tower Semiconductor Ltd. (USA) for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

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