Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $30.49 and last traded at $30.95, with a volume of 2678 shares trading hands. The stock had previously closed at $31.60.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on TSEM. Wedbush reiterated an "outperform" rating and set a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark reissued a "buy" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.
Check Out Our Latest Analysis on Tower Semiconductor
Tower Semiconductor Stock Performance
The company has a market cap of $3.78 billion, a PE ratio of 18.40 and a beta of 0.84. The stock's 50-day simple moving average is $41.30 and its 200 day simple moving average is $45.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18.
Institutional Investors Weigh In On Tower Semiconductor
Institutional investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd boosted its stake in shares of Tower Semiconductor by 27.5% in the fourth quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company's stock valued at $44,883,000 after buying an additional 187,103 shares in the last quarter. Barclays PLC grew its stake in shares of Tower Semiconductor by 4,081.2% during the 3rd quarter. Barclays PLC now owns 23,958 shares of the semiconductor company's stock worth $1,060,000 after purchasing an additional 23,385 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Tower Semiconductor in the 3rd quarter valued at about $1,979,000. Geode Capital Management LLC lifted its stake in shares of Tower Semiconductor by 0.9% in the third quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company's stock valued at $4,154,000 after purchasing an additional 823 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in Tower Semiconductor by 292.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 29,230 shares of the semiconductor company's stock worth $1,506,000 after buying an additional 21,773 shares in the last quarter. Hedge funds and other institutional investors 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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