Tower Semiconductor Ltd. (TSEM) Shows Strong Demand with 70% Revenue Growth

AI Summary

Tower Semiconductor Ltd. (TSEM) shares traded at $224.49 as of April 20th, with a trailing P/E ratio of 115.72 and a forward P/E of 78.74. The company, which has a market cap of $18 billion, reported a 70% year-over-year increase in SiPho revenue. With approximately 25% of shares locked in foreign pensions, the tradable float is limited to around 35 million shares, contributing to price stability despite sector declines, where TSEM only fell by 1.48%. Tower's unique market position in AI photonics and a $920 million capital expenditure plan indicate strong growth potential.