Tower Semiconductor's (TSEM) "Buy" Rating Reaffirmed at Benchmark

Tower Semiconductor (NASDAQ:TSEM - Get Free Report)'s stock had its "buy" rating reaffirmed by Benchmark in a note issued to investors on Monday,Benzinga reports. They presently have a $60.00 target price on the semiconductor company's stock. Benchmark's target price would indicate a potential upside of 76.89% from the stock's current price.

Separately, Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $60.00.

Tower Semiconductor Stock Performance

Shares of TSEM traded up $0.23 on Monday, reaching $33.92. The company's stock had a trading volume of 483,979 shares, compared to its average volume of 558,857. The stock's 50 day simple moving average is $40.13 and its two-hundred day simple moving average is $45.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23. The stock has a market capitalization of $3.76 billion, a P/E ratio of 18.24 and a beta of 0.84. Tower Semiconductor has a 12-month low of $28.64 and a 12-month high of $55.31.

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Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Tower Semiconductor in the fourth quarter valued at about $61,000. Blue Trust Inc. lifted its holdings in Tower Semiconductor by 12.7% in the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company's stock worth $105,000 after purchasing an additional 230 shares in the last quarter. Crews Bank & Trust bought a new position in Tower Semiconductor in the 4th quarter worth approximately $134,000. Caption Management LLC purchased a new stake in Tower Semiconductor during the 4th quarter valued at approximately $155,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Tower Semiconductor during the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 70.51% of the company's stock.

Tower Semiconductor Company Profile

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.