Watch for Continued Gains in Shares of Tower Semiconductor Ltd. (TSEM)

March 17, 2022 at 12:17 PM EDT

Shares of Tower Semiconductor Ltd. (NASDAQ: TSEM) traded today at $47.93, eclipsing its 12-month high. This new high was reached on below average trading volume as 886,000 shares traded hands, while the average 30-day volume is approximately 2.2 million shares.

Tower Semiconductor Ltd. is currently priced 1.6% above its average consensus analyst price target of $47.13.

Tower Semiconductor Ltd. is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company’s line of integrated circuits is incorporated into a variety of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.

Tower Semiconductor Ltd. share prices have moved between a 12-month high of $47.93 and a 12-month low of $24.81 and are now trading 93% above that low price at $47.89 per share.

Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts

To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected

About IBN (InvestorBrandNetwork)

IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.

For more information on IBN, please visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer

About Us

Additional Information

Website & Technical Help

Watch for Continued Gains in Shares of Tower Semiconductor Ltd. (TSEM)

More News