Top Wall Street Forecasters Revamp Tower Semiconductor Price Expectations Ahead Of Q3 Earnings

Benzinga

2024-11-13

Tower Semiconductor Ltd. (NASDAQ:TSEM) will release earnings results for its third quarter, before the opening bell on Wednesday, Nov. 13.

Analysts expect the Migdal Haemek, Israel-based company to report quarterly earnings at 53 cents per share, down from 54 cents per share in the year-ago period. Tower Semiconductor projects to report revenue of $370.32 million for the quarter, compared to $358.17 million a year earlier, according to data from Benzinga Pro.

On July 24, Tower Semiconductor reported a fiscal second-quarter 2024 revenue decline of 1.7% year-on-year to $351.2 million, beating the analyst consensus estimate of $350.1 million.

Tower Semiconductor shares fell 7.6% to close at $43.10 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Benchmark analyst Cody Acree reiterated a Buy rating with a price target of $55 on Sept. 9. This analyst has an accuracy rate of 82%.
Craig-Hallum analyst Richard Shannon maintained a Buy rating and boosted the price target from $40 to $44 on May 10. This analyst has an accuracy rate of 74%.
Susquehanna analyst Medhi Hosseini upgraded the stock from Neutral to Positive and increased the price target from $36 to $55 on May 10. This analyst has an accuracy rate of 74%.

Considering buying TSEM stock? Here’s what analysts think:

Read This Next:

Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4

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Tower Semiconductor projects to report revenue of $370.32 million for the quarter, compared to $358.17 million a year earlier, according to data from Benzinga Pro.</p>\n<p>On July 24, Tower Semiconductor reported a fiscal second-quarter 2024 revenue decline of 1.7% year-on-year to $351.2 million, beating the analyst consensus estimate of $350.1 million.</p>\n<p>Tower Semiconductor shares fell 7.6% to close at $43.10 on Tuesday.</p>\n<p>Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings  page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.</p>\n<p>Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.</p>\n<ul>\n<li>Benchmark analyst Cody Acree reiterated a Buy rating with a price target of $55 on Sept. 9. This analyst has an accuracy rate of 82%.</li>\n<li>Craig-Hallum analyst Richard Shannon maintained a Buy rating and boosted the price target from $40 to $44 on May 10. This analyst has an accuracy rate of 74%.</li>\n<li>Susquehanna analyst Medhi Hosseini upgraded the stock from Neutral to Positive and increased the price target from $36 to $55 on May 10. This analyst has an accuracy rate of 74%.</li>\n</ul>\n<p>Considering buying TSEM stock? Here’s what analysts think: </p>\n<figure><img decoding=\"async\" height=\"573\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123-1024x573.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123.png 1225w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4</strong></li>\n</ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Wall Street Forecasters Revamp Tower Semiconductor Price Expectations Ahead Of Q3 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Wall Street Forecasters Revamp Tower Semiconductor Price Expectations Ahead Of Q3 Earnings\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2024-11-13 14:01</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<html><body><p><strong>Tower Semiconductor Ltd.</strong> (NASDAQ:TSEM) will release earnings results for its third quarter, before the opening bell on Wednesday, Nov. 13.</p>\n<p>Analysts expect the Migdal Haemek, Israel-based company to report quarterly earnings at 53 cents per share, down from 54 cents per share in the year-ago period. Tower Semiconductor projects to report revenue of $370.32 million for the quarter, compared to $358.17 million a year earlier, according to data from Benzinga Pro.</p>\n<p>On July 24, Tower Semiconductor reported a fiscal second-quarter 2024 revenue decline of 1.7% year-on-year to $351.2 million, beating the analyst consensus estimate of $350.1 million.</p>\n<p>Tower Semiconductor shares fell 7.6% to close at $43.10 on Tuesday.</p>\n<p>Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings  page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.</p>\n<p>Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.</p>\n<ul>\n<li>Benchmark analyst Cody Acree reiterated a Buy rating with a price target of $55 on Sept. 9. This analyst has an accuracy rate of 82%.</li>\n<li>Craig-Hallum analyst Richard Shannon maintained a Buy rating and boosted the price target from $40 to $44 on May 10. This analyst has an accuracy rate of 74%.</li>\n<li>Susquehanna analyst Medhi Hosseini upgraded the stock from Neutral to Positive and increased the price target from $36 to $55 on May 10. This analyst has an accuracy rate of 74%.</li>\n</ul>\n<p>Considering buying TSEM stock? Here’s what analysts think: </p>\n<figure><img decoding=\"async\" height=\"573\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123-1024x573.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13010115/image-123.png 1225w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4</strong></li>\n</ul></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSEM","symbol_name":"Tower半導體","start_time":0,"source_url":"https://www.benzinga.com/24/11/41929722/top-wall-street-forecasters-revamp-tower-semiconductor-price-expectations-ahead-of-q3-earnings","article_id":"2483025049","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483025049","pubTimestamp":1731477709,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TSEM":"Tower半导体"},"translate_title":"华尔街顶级预测者在第三季度财报公布前修改了塔式半导体价格预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSEM":1},"content_text":"Tower Semiconductor Ltd. (NASDAQ:TSEM) will release earnings results for its third quarter, before the opening bell on Wednesday, Nov. 13.\nAnalysts expect the Migdal Haemek, Israel-based company to report quarterly earnings at 53 cents per share, down from 54 cents per share in the year-ago period. Tower Semiconductor projects to report revenue of $370.32 million for the quarter, compared to $358.17 million a year earlier, according to data from Benzinga Pro.\nOn July 24, Tower Semiconductor reported a fiscal second-quarter 2024 revenue decline of 1.7% year-on-year to $351.2 million, beating the analyst consensus estimate of $350.1 million.\nTower Semiconductor shares fell 7.6% to close at $43.10 on Tuesday.\nBenzinga readers can access the latest analyst ratings on the Analyst Stock Ratings  page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.\nLet's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.\n\nBenchmark analyst Cody Acree reiterated a Buy rating with a price target of $55 on Sept. 9. This analyst has an accuracy rate of 82%.\nCraig-Hallum analyst Richard Shannon maintained a Buy rating and boosted the price target from $40 to $44 on May 10. This analyst has an accuracy rate of 74%.\nSusquehanna analyst Medhi Hosseini upgraded the stock from Neutral to Positive and increased the price target from $36 to $55 on May 10. This analyst has an accuracy rate of 74%.\n\nConsidering buying TSEM stock? Here’s what analysts think: \n\nRead This Next: \n\nTop 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}