Tower Semiconductor's (TSEM) Outperform Rating Reaffirmed at Wedbush

Wedbush reiterated their outperform rating on shares of Tower Semiconductor (NASDAQ:TSEM - Free Report) in a report issued on Monday morning, MarketBeat.com reports. The brokerage currently has a $60.00 price objective on the semiconductor company's stock. Wedbush also issued estimates for Tower Semiconductor's Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $1.85 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $2.18 EPS, Q1 2026 earnings at $0.57 EPS, Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.67 EPS and FY2026 earnings at $2.55 EPS.

Several other equities analysts also recently weighed in on the company. StockNews.com downgraded Tower Semiconductor from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Craig Hallum upped their target price 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. Benchmark reissued a "buy" rating and issued a $55.00 price target on shares of Tower Semiconductor in a research report on Thursday, November 14th. Finally, Susquehanna upped their price objective on Tower Semiconductor from $55.00 to $60.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.75.

Tower Semiconductor Trading Down 1.0 %

Shares of Tower Semiconductor stock traded down $0.51 on Monday, reaching $49.71. The company had a trading volume of 556,760 shares, compared to its average volume of 794,789. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.89 and a current ratio of 5.82. The firm has a market cap of $5.51 billion, a PE ratio of 26.87 and a beta of 0.88. The firm's 50 day moving average price is $50.68 and its two-hundred day moving average price is $45.58. Tower Semiconductor has a 52-week low of $28.37 and a 52-week high of $55.31.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.12. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. The company had revenue of $370.50 million for the quarter, compared to analysts' expectations of $370.30 million. During the same period in the prior year, the firm earned $0.47 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. Sell-side analysts predict that Tower Semiconductor will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tower Semiconductor

Large investors have recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in shares of Tower Semiconductor in the third quarter valued at about $27,000. USA Financial Formulas purchased a new stake in Tower Semiconductor in the 3rd quarter valued at approximately $38,000. R Squared Ltd acquired a new position in Tower Semiconductor during the 4th quarter worth approximately $61,000. Blue Trust Inc. lifted its holdings 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 buying an additional 1,376 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Tower Semiconductor by 21.1% in the third quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company's stock valued at $109,000 after buying an additional 431 shares in the last quarter. 70.51% of the stock is owned by institutional investors and hedge funds.

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.