Tower Semiconductor Ltd. (NASDAQ:TSEM) Receives $60.00 Average Price Target from Brokerages

Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) have been assigned an average recommendation of "Buy" from the four analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $60.00.

TSEM has been the topic of several research reports. Benchmark restated a "buy" rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Susquehanna increased their price target on shares of Tower Semiconductor from $55.00 to $60.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. Craig Hallum boosted their price objective on shares of Tower Semiconductor from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. StockNews.com downgraded shares of Tower Semiconductor from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Tower Semiconductor in a research note on Tuesday, February 11th.

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Tower Semiconductor Trading Down 2.2 %

TSEM stock traded down $0.95 during trading on Friday, reaching $41.55. The company had a trading volume of 818,568 shares, compared to its average volume of 833,099. The business has a 50 day moving average of $49.44 and a 200 day moving average of $46.39. 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 company has a market cap of $4.60 billion, a P/E ratio of 22.34 and a beta of 0.88. Tower Semiconductor has a 52 week low of $30.48 and a 52 week high of $55.31.

Hedge Funds Weigh In On Tower Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new position in shares of Tower Semiconductor during the third quarter valued at $27,000. R Squared Ltd bought a new position in Tower Semiconductor during the 4th quarter valued at about $61,000. Blue Trust Inc. boosted 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 valued at $80,000 after acquiring an additional 1,376 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Tower Semiconductor in the fourth quarter worth approximately $134,000. Finally, Caption Management LLC purchased a new position in shares of Tower Semiconductor during the fourth quarter valued at approximately $155,000. 70.51% of the stock is owned by institutional investors.

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.