Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) have been given an average rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.33.
A number of research analysts recently issued reports on TSEM shares. Needham & Company LLC reissued a “buy” rating and set a $27.00 price target on shares of Tower Semiconductor in a research report on Wednesday, May 13th. BidaskClub raised shares of Tower Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Credit Suisse Group lifted their price target on shares of Tower Semiconductor from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Craig Hallum lowered their price target on shares of Tower Semiconductor from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, May 14th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Tower Semiconductor by 129.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,153 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 1,215 shares during the period. TRUE Private Wealth Advisors purchased a new stake in shares of Tower Semiconductor in the first quarter valued at $52,000. Bank of Montreal Can purchased a new stake in shares of Tower Semiconductor in the fourth quarter valued at $57,000. Tower Research Capital LLC TRC raised its stake in shares of Tower Semiconductor by 77.7% in the first quarter. Tower Research Capital LLC TRC now owns 3,826 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 1,673 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Tower Semiconductor by 266.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,331 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 3,150 shares during the period. 53.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of TSEM traded down $0.90 during trading hours on Monday, reaching $20.00. 6,310 shares of the company traded hands, compared to its average volume of 427,760. The company’s fifty day moving average price is $19.60 and its two-hundred day moving average price is $20.81. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 27.50 and a beta of 1.42. The company has a quick ratio of 3.11, a current ratio of 3.83 and a debt-to-equity ratio of 0.16. Tower Semiconductor has a 12 month low of $12.13 and a 12 month high of $25.80.
Tower Semiconductor (NASDAQ:TSEM) last announced its earnings results on Wednesday, May 13th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Tower Semiconductor had a net margin of 6.61% and a return on equity of 6.50%. The firm had revenue of $300.17 million for the quarter, compared to analyst estimates of $299.00 million. On average, analysts expect that Tower Semiconductor will post 0.85 EPS for the current year.
Tower Semiconductor Company Profile
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.
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