Tower Semiconductor Ltd. (NASDAQ:TSEM) Receives $276.75 Average PT from Brokerages

Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $276.75.

A number of research analysts recently issued reports on TSEM shares. Susquehanna lifted their price objective on shares of Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a research note on Thursday, May 14th. Wedbush lifted their price target on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Benchmark restated a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday, July 15th. Finally, UBS Group reiterated a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday, July 15th.

Institutional Investors Weigh In On Tower Semiconductor

Hedge funds have recently made changes to their positions in the stock. USA Financial Formulas acquired a new position in Tower Semiconductor during the 4th quarter worth approximately $27,000. Hanson & Doremus Investment Management acquired a new stake in Tower Semiconductor during the 1st quarter worth approximately $53,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Tower Semiconductor by 254.2% during the third quarter. CIBC Private Wealth Group LLC now owns 418 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Kestra Advisory Services LLC acquired a new position in Tower Semiconductor during the 4th quarter worth about $52,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Tower Semiconductor by 344.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 520 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 403 shares during the period. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Tower Semiconductor Price Performance

TSEM stock opened at $250.91 on Wednesday. The company has a quick ratio of 4.92, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. Tower Semiconductor has a 12 month low of $43.12 and a 12 month high of $319.94. The firm has a market cap of $28.21 billion, a P/E ratio of 116.70 and a beta of 0.87. The company’s 50-day moving average price is $256.44 and its two-hundred day moving average price is $191.78.

About Tower Semiconductor

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.