Tower Semiconductor Ltd. (NASDAQ:TSEM) Given Average Recommendation of “Buy” by Analysts

Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) have been assigned an average recommendation of “Buy” from the four analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have covered the stock in the last year is $60.00.

A number of brokerages recently commented on TSEM. Craig Hallum upped their price target 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. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Susquehanna increased their target price on shares of Tower Semiconductor from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, StockNews.com lowered shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Institutional Trading of Tower Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Tower Semiconductor during the 3rd quarter worth approximately $27,000. R Squared Ltd bought a new stake in shares of Tower Semiconductor during the 4th quarter worth approximately $61,000. Blue Trust Inc. lifted its holdings in shares of Tower Semiconductor by 319.3% during the 3rd quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 1,376 shares during the period. Crews Bank & Trust bought a new stake in shares of Tower Semiconductor during the 4th quarter worth approximately $134,000. Finally, Caption Management LLC bought a new stake in shares of Tower Semiconductor during the 4th quarter worth approximately $155,000. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Stock Down 2.9 %

Shares of TSEM opened at $42.26 on Friday. Tower Semiconductor has a 52 week low of $30.48 and a 52 week high of $55.31. The firm has a market cap of $4.68 billion, a P/E ratio of 22.72 and a beta of 0.88. The firm’s 50-day simple moving average is $49.61 and its 200 day simple moving average is $46.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18.

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.