Tower Semiconductor (NASDAQ:TSEM) Reaches New 12-Month High – Still a Buy?

Tower Semiconductor Ltd. (NASDAQ:TSEM)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $107.78 and last traded at $108.4650, with a volume of 108451 shares. The stock had previously closed at $103.46.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSEM. Barclays boosted their target price on shares of Tower Semiconductor from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Wedbush increased their price objective on Tower Semiconductor from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Susquehanna raised their price objective on Tower Semiconductor from $100.00 to $135.00 and gave the stock a “positive” rating in a research report on Tuesday, November 11th. Benchmark upped their target price on Tower Semiconductor from $73.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tower Semiconductor in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Tower Semiconductor currently has an average rating of “Moderate Buy” and an average target price of $119.25.

Tower Semiconductor Price Performance

The company has a market capitalization of $11.99 billion, a PE ratio of 62.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.50 and a current ratio of 6.57. The stock has a 50 day moving average price of $82.78 and a two-hundred day moving average price of $60.49.

Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings results on Monday, November 10th. The semiconductor company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $395.67 million during the quarter, compared to analysts’ expectations of $394.98 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. Tower Semiconductor has set its Q4 2025 guidance at EPS. Equities analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current year.

Hedge Funds Weigh In On Tower Semiconductor

Several hedge funds have recently bought and sold shares of TSEM. TD Asset Management Inc raised its holdings in Tower Semiconductor by 26.5% during the first quarter. TD Asset Management Inc now owns 21,906 shares of the semiconductor company’s stock valued at $764,000 after buying an additional 4,592 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tower Semiconductor by 4.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,898 shares of the semiconductor company’s stock valued at $1,031,000 after acquiring an additional 1,305 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Tower Semiconductor in the 1st quarter valued at approximately $265,000. PNC Financial Services Group Inc. lifted its holdings in Tower Semiconductor by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,700 shares of the semiconductor company’s stock worth $310,000 after purchasing an additional 350 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Tower Semiconductor by 2.4% during the first quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company’s stock worth $145,106,000 after purchasing an additional 93,868 shares during the period. 70.51% of the stock is owned by institutional investors and hedge funds.

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.