Craig Hodges
Craig Hodges is portfolio manager of the $396 million Hodges Fund (HDPMX) and co-portfolio manager of the $1.3 billion Hodges Small Cap Fund (HDPSX), Dallas. HodgesFund.com
This week’s Stock of the Week is a specialty manufacturer of high-tech components that are in high demand.
Tower Semiconductor Ltd. (TSEM) is an Israel-based semiconductor company that makes specialty integrated circuits for more than 300 customers worldwide.
Tower offers customers faster turnaround than large companies do, and it can more easily make highly customized chips that do only one or a few specified tasks—instead of chips designed for multiple purposes and therefore less well-suited to specific ones. Revenue of $1.25 billion in 2016 should rise to $1.385 billion this year and $1.5 billion in 2018.
Tower’s high-margin products are used in consumer electronics, personal computers, communications devices, medical equipment, and for automotive and industrial purposes.
Fiscal year: December. Earnings per share: 2018 est./$2.20…2017 est./$2.03…2016/$1.69.
Craig Hodges is portfolio manager of the $265 million Hodges Fund (HDPMX) and co-portfolio manager of the $805 million Hodges Small Cap Fund (HDPSX), Dallas. HodgesFunds.com
