Why Tower Semiconductor Stock Is Jumping This Week
TSEMTower Semiconductor(TSEM) The Motley Fool·2024-02-17 04:36

Tower Semiconductor (TSEM 2.86%) is making big gains in this week's trading. The Israel-based chip company's share price was up 15.2% from last week's market close as of 3:15 p.m. ET Friday, according to data from S&P Global Market Intelligence. Tower reported its fourth-quarter results before the market opened on Feb. 14. The company posted earnings per share of 0.55onsalesof0.55 on sales of 351.71 million. Even though sales were down due to weaker demand in the automotive sector, this performance came in ahead of th ...