Tower Semiconductor (NASDAQ:TSEM) PT Set at $66.00 by Susquehanna

Tower Semiconductor (NASDAQ:TSEM) received a $66.00 target price from stock analysts at Susquehanna in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target points to a potential upside of 35.08% from the company’s current price.

Separately, Benchmark restated a “buy” rating and issued a $66.00 price objective (up previously from $60.00) on shares of Tower Semiconductor in a report on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tower Semiconductor has a consensus rating of “Moderate Buy” and a consensus target price of $64.25.

Tower Semiconductor Trading Down 2.5%

NASDAQ TSEM opened at $48.86 on Tuesday. Tower Semiconductor has a 1-year low of $28.64 and a 1-year high of $55.31. The company has a current ratio of 6.57, a quick ratio of 5.82 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $5.41 billion, a PE ratio of 28.08 and a beta of 0.77. The firm’s fifty day simple moving average is $43.92 and its 200-day simple moving average is $41.81.

Tower Semiconductor (NASDAQ:TSEM) last issued its earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%. The firm had revenue of $372.06 million during the quarter, compared to analyst estimates of $371.63 million. During the same period in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Tower Semiconductor will post 1.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. TCTC Holdings LLC lifted its holdings in Tower Semiconductor by 117.9% in the 1st quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 382 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Tower Semiconductor in the first quarter valued at approximately $39,000. Blue Trust Inc. lifted its stake in shares of Tower Semiconductor by 14.8% in the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company’s stock worth $76,000 after buying an additional 227 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Tower Semiconductor during the 1st quarter worth $75,000. Finally, Caption Management LLC bought a new stake in shares of Tower Semiconductor during the 4th quarter worth $155,000. 70.51% of the stock is owned by institutional investors.

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.