Mizuho Initiates Coverage of Tower Semiconductor with Outperform Rating
Fintel reports that on September 25, 2026, Mizuho initiated coverage of Tower Semiconductor (NASDAQGS:TSEM) (BMV:TSEM N) with a Outperform recommendation.
The stock's latest close and pre-action close was $217.28 on September 24, 2026. The price change over one week was -0.89% relative to the baseline close of $219.24 on September 17, 2026. The price change over one month was +2.93% relative to the baseline close of $211.10 on August 24, 2026.
As of September 15, 2026, the current consensus target mean is $332.93 and the median is $336.60. This current consensus target represents an implied change of +53.23% from the prior consensus target mean of $292.71 on August 28, 2026, with a consensus target revision of +13.74%.
On the latest earnings date of August 4, 2026, the actual EPS was 0.88, compared to the estimate of 0.7732, which is an EPS surprise of +13.81%. The actual revenue was $460,079,000.00, compared to the revenue estimate of $463,773,804.00.
For the current recommendation period of September 1, 2026, the total recommendation count is 11, consisting of 3 strong buy, 6 buy, and 2 hold recommendations, representing a positive percentage of 81.8% and a hold percentage of 18.2%. For the prior recommendation period of August 1, 2026, the total recommendation count was 11, consisting of 2 strong buy, 7 buy, and 2 hold recommendations, representing a positive percentage of 81.8% and a hold percentage of 18.2%.
Recent rating actions include Barclays initiating coverage on September 18, 2026, with a to-rating of Overweight, and Stifel initiating coverage on September 2, 2026, with a to-rating of Buy.
A Form 6-K filing dated August 11, 2026, states that OpenLight and Tower Semiconductor announced the availability of OpenLight’s photonic Process Design Kit (PDK) for Tower Semiconductor’s PH18DA indium phosphide (InP)-on-silicon photonics platform in Cadence’s electronic design automation (EDA) tools. Tower Semiconductor Ltd. provides technology and manufacturing platforms for integrated circuits in markets such as consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense. The company operates two manufacturing facilities in Israel, two in the U.S., and three in Japan.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 25, 2026 | Mizuho | Outperform | initiated coverage | |
| September 18, 2026 | Barclays | Overweight | initiated coverage | |
| September 2, 2026 | Stifel | Buy | initiated coverage |
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This story originally appeared on Fintel.