Tower Semiconductor Ltd. (TSEM) Market Cap: $308 million
Industry: Semiconductors
Tower Semiconductor (NASDAQ: TSEM) is an independent specialty foundry that manufactures semiconductors. This penny stock’s products are used in a wide range of consumer electronics including personal computers, medical device products and automotive products. A +53.6% year-to-date climb in stock price has Tower shareholders very satisfied. Additionally, this penny stock outperformed earnings estimates by 367% last quarter, and is hoping to maintain its positive momentum this quarter.