Tower Semiconductor (NASDAQ:TSEM) Stock Price Down 1.4%

Tower Semiconductor Ltd. (NASDAQ:TSEM)’s share price traded down 1.4% during trading on Monday . The company traded as low as $28.02 and last traded at $28.26. 150,899 shares changed hands during trading, a decline of 83% from the average session volume of 873,585 shares. The stock had previously closed at $28.66.

Analyst Ratings Changes

A number of research analysts have weighed in on TSEM shares. StockNews.com initiated coverage on Tower Semiconductor in a report on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet cut shares of Tower Semiconductor from a “b-” rating to a “c+” rating in a research note on Thursday, August 24th. Finally, Craig Hallum upgraded shares of Tower Semiconductor from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, August 17th.

Tower Semiconductor Trading Up 1.5 %

The company has a market capitalization of $3.12 billion, a P/E ratio of 11.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.68 and a current ratio of 4.77. The stock has a fifty day moving average of $35.32 and a 200 day moving average of $39.29.

Tower Semiconductor (NASDAQ:TSEM) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $357.19 million for the quarter, compared to analysts’ expectations of $354.04 million. Tower Semiconductor had a return on equity of 12.74% and a net margin of 17.82%. The business’s quarterly revenue was down 16.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. As a group, equities research analysts anticipate that Tower Semiconductor Ltd. will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TSEM. Pacer Advisors Inc. bought a new stake in Tower Semiconductor during the fourth quarter valued at about $35,000. Quadrant Capital Group LLC lifted its holdings in Tower Semiconductor by 135.7% in the 4th quarter. Quadrant Capital Group LLC now owns 858 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 494 shares in the last quarter. BNP Paribas Arbitrage SNC purchased a new position in Tower Semiconductor in the 3rd quarter worth approximately $40,000. US Bancorp DE boosted its stake in Tower Semiconductor by 50.6% in the 1st quarter. US Bancorp DE now owns 1,837 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 617 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Tower Semiconductor by 58.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,313 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 1,218 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

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.