Tower Semiconductor (NASDAQ:TSEM) Upgraded to Positive at Susquehanna

Susquehanna upgraded shares of Tower Semiconductor (NASDAQ:TSEM - Free Report) from a neutral rating to a positive rating in a research report released on Friday, Marketbeat.com reports. The firm currently has $55.00 price objective on the semiconductor company's stock, up from their prior price objective of $36.00.

Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Tower Semiconductor from a c+ rating to a b- rating in a research report on Friday, March 8th. StockNews.com upgraded shares of Tower Semiconductor from a hold rating to a buy rating in a research note on Monday, March 25th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Tower Semiconductor presently has an average rating of Buy and a consensus price target of $46.33.

Tower Semiconductor Trading Up 0.7 %

NASDAQ TSEM traded up $0.27 during trading hours on Friday, hitting $36.71. The company's stock had a trading volume of 498,837 shares, compared to its average volume of 451,342. The stock has a fifty day moving average of $32.75 and a 200 day moving average of $30.18. Tower Semiconductor has a twelve month low of $21.43 and a twelve month high of $42.00. The firm has a market capitalization of $4.01 billion, a P/E ratio of 7.89 and a beta of 0.93. The company has a quick ratio of 5.15, a current ratio of 6.17 and a debt-to-equity ratio of 0.07.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued its earnings results on Thursday, May 9th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.32 by $0.08. Tower Semiconductor had a net margin of 36.44% and a return on equity of 9.33%. The firm had revenue of $327.24 million during the quarter, compared to the consensus estimate of $325.00 million. Equities research analysts forecast that Tower Semiconductor will post 1.52 earnings per share for the current fiscal year.

Institutional Trading of Tower Semiconductor

Several institutional investors have recently made changes to their positions in TSEM. Vanguard Group Inc. grew its position in Tower Semiconductor by 1.7% during the first quarter. Vanguard Group Inc. now owns 3,790,957 shares of the semiconductor company's stock valued at $126,808,000 after buying an additional 64,679 shares during the period. State Board of Administration of Florida Retirement System bought a new position in Tower Semiconductor during the first quarter valued at about $164,000. William Blair Investment Management LLC bought a new position in Tower Semiconductor during the first quarter valued at about $34,911,000. ProShare Advisors LLC bought a new position in Tower Semiconductor during the first quarter valued at about $243,000. Finally, Russell Investments Group Ltd. grew its position in Tower Semiconductor by 86.0% during the first quarter. Russell Investments Group Ltd. now owns 319,162 shares of the semiconductor company's stock valued at $10,676,000 after buying an additional 147,583 shares during the period. Institutional investors own 70.51% of the company's stock.

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.