A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. TheStreet cut shares of Tower Semiconductor from a “b-” rating to a “c” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.34.
NASDAQ:TSEM traded up $0.41 during midday trading on Friday, reaching $20.44. 38,733 shares of the stock traded hands, compared to its average volume of 365,343. Tower Semiconductor has a 12-month low of $13.56 and a 12-month high of $21.83. The business has a 50-day moving average of $19.37 and a two-hundred day moving average of $17.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.99 and a current ratio of 4.82. The stock has a market capitalization of $1.95 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.22 and a beta of 1.23.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Tower Semiconductor in the second quarter valued at about $178,000. Aperio Group LLC bought a new stake in shares of Tower Semiconductor in the second quarter worth about $226,000. M&T Bank Corp grew its stake in shares of Tower Semiconductor by 34.9% in the second quarter. M&T Bank Corp now owns 14,873 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 3,848 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Tower Semiconductor in the second quarter worth about $256,000. Finally, AlphaCrest Capital Management LLC bought a new stake in shares of Tower Semiconductor in the first quarter worth about $291,000. 51.09% of the stock is owned by institutional investors and hedge funds.
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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