Tower Semiconductor Ltd. (NASDAQ:TSEM) Receives $276.75 Consensus Target Price from Analysts

Tower Semiconductor Ltd. (NASDAQ:TSEM) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $276.75.

TSEM has been the topic of several research reports. Benchmark restated a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday. Wedbush raised their price target on Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. UBS Group reiterated a “buy” rating on shares of Tower Semiconductor in a report on Wednesday. Finally, Susquehanna increased their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a report on Thursday, May 14th.

Tower Semiconductor Stock Performance

TSEM opened at $234.10 on Wednesday. Tower Semiconductor has a 1-year low of $43.12 and a 1-year high of $319.94. The company’s fifty day moving average price is $255.87 and its two-hundred day moving average price is $189.61. The company has a current ratio of 5.63, a quick ratio of 4.92 and a debt-to-equity ratio of 0.04. The company has a market cap of $26.32 billion, a price-to-earnings ratio of 108.88 and a beta of 0.87.

Institutional Trading of Tower Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of TSEM. Fulcrum Equity Management purchased a new stake in shares of Tower Semiconductor during the second quarter worth $313,000. Assenagon Asset Management S.A. boosted its position in shares of Tower Semiconductor by 4.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 118,406 shares of the semiconductor company’s stock valued at $30,378,000 after purchasing an additional 4,965 shares during the period. 180 Wealth Advisors LLC purchased a new stake in Tower Semiconductor in the 2nd quarter valued at $293,000. Baron Wealth Management LLC raised its stake in shares of Tower Semiconductor by 19.1% during the second quarter. Baron Wealth Management LLC now owns 2,423 shares of the semiconductor company’s stock worth $632,000 after purchasing an additional 388 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of Tower Semiconductor by 414.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,285 shares of the semiconductor company’s stock worth $335,000 after buying an additional 1,035 shares in the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Tower Semiconductor Company Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.