Tower Semiconductor Ltd. (NASDAQ:TSEM) and Axiro Semiconductor said Monday they are delivering high-performance radar beamforming integrated circuits built on Silicon Germanium technology, targeting next-generation U.S. defense systems.
The stock was up 4.22% at $209.01 in premarket trading Monday, according to Benzinga Pro data.
The companies said the devices are fabricated at Tower’s U.S. facilities and designed and sold by Axiro, supporting a more resilient domestic supply chain.
The beamforming ICs are ramping to volume production and are ready for deployment in critical defense applications, including radar and satellite communications.
The companies added that the chips set a new performance benchmark over existing alternatives, which could help drive design wins and strengthen their positioning in secure foundry services for defense customers.
TSEM Technical Outlook: Momentum And Key Levels
Tower Semiconductor is trading within a strong technical setup, currently positioned at $209.01, which is 3.5% above its 20-day simple moving average (SMA) and 28.3% above its 50-day SMA. This suggests a bullish short-term trend, as the stock remains well above these key moving averages, indicating strong buying momentum.
The stock has shown impressive performance over the past year, with a 12-month return of 444.65%. This significant gain reflects robust long-term bullish sentiment among investors, positioning the stock favorably within its 52-week range, where it is currently closer to its high of $228.73.
- Key Resistance: $228.73 — This level represents the recent high and a potential barrier for upward movement.
- Key Support: $200.63 — This level is near the 20-day SMA, indicating where buying interest could emerge.
TSEM Earnings Date, Estimates And Analyst Ratings
Tower Semiconductor is slated to provide its next financial update on May 13, 2026 (confirmed).
- EPS Estimate: 55 cents (Up from 45 cents)
- Revenue Estimate: $410.98 million (Up from $358.17 million)
- Valuation: P/E of 103.4x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $161.75. Recent analyst moves include:
- Benchmark: Buy (Raises Target to $230.00) (March 26)
- Barclays: Equal-Weight (Raises Target to $142.00) (February 13)
- Wedbush: Neutral (Raises Target to $140.00) (February 12)
TSEM ETF Exposure: Invesco Semiconductors ETF (PSI)
- Invesco Semiconductors ETF (NYSE:PSI): 4.07% Weight
Significance: Because TSEM carries meaningful weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
TSEM Stock Price Activity: Tower Semiconductor shares were up 4.22% at $209.01 during premarket trading on Monday, according to Benzinga Pro data.
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