Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $294.80.
Several analysts have weighed in on the company. Wedbush lifted their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Bank of America started coverage on Tower Semiconductor in a research note on Friday. They issued a "buy" rating and a $367.00 price target on the stock. Susquehanna raised their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the company a "positive" rating in a research report on Thursday, May 14th. UBS Group restated a "buy" rating on shares of Tower Semiconductor in a report on Wednesday, July 15th. Finally, National Bank Financial raised shares of Tower Semiconductor to a "buy" rating in a research report on Friday.
Check Out Our Latest Analysis on TSEM
Institutional Investors Weigh In On Tower Semiconductor
Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Tower Semiconductor by 3,222.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,682,152 shares of the semiconductor company's stock worth $549,779,000 after purchasing an additional 4,541,235 shares during the last quarter. Capital International Investors bought a new stake in Tower Semiconductor in the 4th quarter worth about $222,530,000. Goldman Sachs Group Inc. lifted its stake in Tower Semiconductor by 214.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,206,467 shares of the semiconductor company's stock valued at $259,083,000 after acquiring an additional 1,505,421 shares during the period. Turiya Advisors Asia Ltd bought a new position in Tower Semiconductor during the 4th quarter valued at about $172,848,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Tower Semiconductor by 293.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,074,717 shares of the semiconductor company's stock valued at $126,193,000 after acquiring an additional 801,820 shares during the last quarter. 70.51% of the stock is owned by institutional investors.
Tower Semiconductor Stock Performance
NASDAQ:TSEM opened at $252.49 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.92 and a current ratio of 4.91. Tower Semiconductor has a fifty-two week low of $45.51 and a fifty-two week high of $319.94. The firm has a market cap of $28.39 billion, a PE ratio of 99.80 and a beta of 0.90. The business has a 50 day moving average price of $244.83 and a 200-day moving average price of $200.85.
Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.12. Tower Semiconductor had a net margin of 16.94% and a return on equity of 9.83%. The business had revenue of $460.08 million for the quarter, compared to analyst estimates of $454.68 million. During the same quarter last year, the firm earned $0.41 EPS. The company's revenue was up 23.7% on a year-over-year basis. Equities research analysts predict that Tower Semiconductor will post 3.04 earnings per share for the current year.
Tower Semiconductor Company Profile
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Get Free Report)
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.
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