Several other analysts also recently issued reports on TSEM. BidaskClub raised shares of Tower Semiconductor from a hold rating to a buy rating in a research note on Friday. TheStreet downgraded shares of Tower Semiconductor from a b- rating to a c rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $22.34.
Shares of NASDAQ:TSEM opened at $19.83 on Monday. The company has a current ratio of 4.82, a quick ratio of 3.99 and a debt-to-equity ratio of 0.21. Tower Semiconductor has a 12 month low of $13.56 and a 12 month high of $21.26. The company has a 50-day moving average price of $19.50 and a 200 day moving average price of $17.68. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 2.31 and a beta of 1.23.
Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its stake in Tower Semiconductor by 7.1% in the second quarter. HighTower Advisors LLC now owns 224,516 shares of the semiconductor company’s stock worth $3,515,000 after purchasing an additional 14,827 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Tower Semiconductor during the second quarter worth approximately $256,000. Cortina Asset Management LLC increased its position in shares of Tower Semiconductor by 5.2% during the second quarter. Cortina Asset Management LLC now owns 419,884 shares of the semiconductor company’s stock worth $6,622,000 after acquiring an additional 20,784 shares during the period. Renaissance Technologies LLC increased its position in shares of Tower Semiconductor by 14.6% during the second quarter. Renaissance Technologies LLC now owns 1,553,786 shares of the semiconductor company’s stock worth $24,503,000 after acquiring an additional 197,500 shares during the period. Finally, Eagle Global Advisors LLC increased its position in shares of Tower Semiconductor by 20.6% during the second quarter. Eagle Global Advisors LLC now owns 76,123 shares of the semiconductor company’s stock worth $1,200,000 after acquiring an additional 13,000 shares during the period. 51.09% of the stock is owned by institutional investors and hedge funds.
About Tower Semiconductor
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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