Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $29.65, but opened at $30.63. Tower Semiconductor shares last traded at $30.52, with a volume of 232,749 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Benchmark reissued a "buy" rating and issued a $60.00 target price on shares of Tower Semiconductor in a research report on Monday. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.
Check Out Our Latest Analysis on TSEM
Tower Semiconductor Stock Up 0.7 %
The business has a fifty day moving average price of $40.13 and a two-hundred day moving average price of $45.20. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 18.24 and a beta of 0.84.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in TSEM. Vanguard Group Inc. boosted its position in Tower Semiconductor by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company's stock valued at $205,954,000 after purchasing an additional 42,969 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Tower Semiconductor by 21.0% in the fourth quarter. Point72 Asset Management L.P. now owns 3,758,574 shares of the semiconductor company's stock valued at $193,604,000 after purchasing an additional 653,191 shares during the last quarter. Invesco Ltd. increased its position in Tower Semiconductor by 251.9% in the 4th quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company's stock worth $90,721,000 after buying an additional 1,260,683 shares during the period. Menora Mivtachim Holdings LTD. increased its position in Tower Semiconductor by 16.4% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,345,507 shares of the semiconductor company's stock worth $69,307,000 after acquiring an additional 189,738 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in shares of Tower Semiconductor by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,037,788 shares of the semiconductor company's stock worth $53,456,000 after purchasing an additional 25,247 shares during the period. 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.
Further Reading
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