Tower Semiconductor Ltd. (NASDAQ:TSEM) Receives Consensus Rating of “Buy” from Analysts

Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) have been assigned an average rating of “Buy” from the four analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $60.00.

TSEM has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Susquehanna lifted their target price on shares of Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Craig Hallum lifted their target price on shares of Tower Semiconductor from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, StockNews.com lowered shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Institutional Trading of Tower Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. USS Investment Management Ltd acquired a new stake in shares of Tower Semiconductor in the fourth quarter valued at approximately $828,000. Squarepoint Ops LLC acquired a new stake in Tower Semiconductor during the 4th quarter worth $247,000. Two Sigma Advisers LP grew its holdings in Tower Semiconductor by 110.2% during the 4th quarter. Two Sigma Advisers LP now owns 41,200 shares of the semiconductor company’s stock worth $2,122,000 after acquiring an additional 21,600 shares during the period. Two Sigma Investments LP acquired a new stake in Tower Semiconductor during the 4th quarter worth $1,720,000. Finally, Systematic Financial Management LP grew its holdings in Tower Semiconductor by 1.8% during the 4th quarter. Systematic Financial Management LP now owns 774,579 shares of the semiconductor company’s stock worth $39,905,000 after acquiring an additional 13,515 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Stock Performance

NASDAQ:TSEM opened at $42.26 on Friday. Tower Semiconductor has a 1 year low of $30.48 and a 1 year high of $55.31. The firm has a 50 day moving average of $49.61 and a 200-day moving average of $46.26. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.68 billion, a P/E ratio of 22.72 and a beta of 0.88.

About Tower Semiconductor

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.