Tower Semiconductor Earnings: Fantastic YTD Run, Looking For A Pullback
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Tower Semiconductor Ltd. is expected to report Q3 '24 earnings on November 13th, with analysts predicting $0.53 and $0.47 EPS on $370M in sales. The company is downgraded to a hold due to slow revenue growth, with potential interest in adding shares if there's a pullback. Key segments include RF infrastructure, SiGe technology, and Silicon Photonics, with a focus on AI-related growth potential.
November 05, 2024 | 12:30 pm
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Tower Semiconductor is downgraded to a hold due to slow revenue growth, with Q3 '24 earnings expected on November 13th. Analysts predict $0.53 and $0.47 EPS on $370M in sales. Key growth areas include RF infrastructure, SiGe technology, and Silicon Photonics, with a focus on AI-related growth potential.
The downgrade to hold suggests a neutral short-term outlook, as the slow revenue growth tempers expectations. However, the focus on AI-related growth potential and key technology segments could provide future upside, balancing the short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100