Tower Semiconductor (NASDAQ:TSEM - Free Report) had its target price boosted by Susquehanna from $55.00 to $60.00 in a research report released on Thursday morning,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company's stock.
Several other analysts also recently weighed in on the company. Benchmark restated a "buy" rating and issued a $55.00 price objective on shares of Tower Semiconductor in a report on Monday, September 9th. StockNews.com downgraded shares of Tower Semiconductor from a "buy" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Tower Semiconductor presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.33.
Check Out Our Latest Analysis on Tower Semiconductor
Tower Semiconductor Price Performance
Shares of TSEM stock traded down $2.32 on Thursday, reaching $46.10. The company's stock had a trading volume of 834,060 shares, compared to its average volume of 519,017. The stock's fifty day simple moving average is $43.52 and its 200-day simple moving average is $40.50. Tower Semiconductor has a 1 year low of $26.62 and a 1 year high of $50.25. The company has a current ratio of 5.90, a quick ratio of 4.94 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 10.47 and a beta of 0.90.
Hedge Funds Weigh In On Tower Semiconductor
Several hedge funds have recently modified their holdings of TSEM. Transcendent Capital Group LLC purchased a new stake in Tower Semiconductor in the third quarter valued at approximately $27,000. USA Financial Formulas acquired a new position in shares of Tower Semiconductor in the 3rd quarter valued at $38,000. Blue Trust Inc. lifted its stake in shares of Tower Semiconductor by 319.3% in the 3rd quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company's stock valued at $80,000 after purchasing an additional 1,376 shares during the period. Signaturefd LLC lifted its stake in shares of Tower Semiconductor by 21.1% in the 3rd quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company's stock valued at $109,000 after purchasing an additional 431 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Tower Semiconductor in the 1st quarter valued at $164,000. Institutional investors and hedge funds own 70.51% of the company's stock.
About Tower Semiconductor
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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.
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