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Tower Semiconductor (TSEM) has just been added to the PHLX Semiconductor Sector Index, putting the foundry directly on the radar of index-tracking funds and benchmark-focused investors. Recent trading suggests Tower Semiconductor is still in favor with momentum-focused buyers, with a 1-day share price return of 6.07% and a 30-day share price gain of 10.80% following upbeat silicon photonics news and the PHLX inclusion, even though the 90-day share price return fell 9.83% and contrasts sharply...
Chip stocks rebounded on Friday after declining for two straight days. Tower Semiconductor was among the leaders.
Investing.com -- Mizuho revealed Friday that it has started coverage of Tower Semiconductor with an Outperform rating and a $300 price target.
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