Tower Semiconductor (NASDAQ:TSEM) Given New $73.00 Price Target at Benchmark

Key Points

• Benchmark analysts have raised their price target for Tower Semiconductor (NASDAQ:TSEM) from $66.00 to $73.00, indicating a potential upside of 15.49% from its previous close.
• The company's stock has an average rating of "Buy" from several analysts, with a notable quarterly earnings miss of $0.41 EPS against the consensus estimate of $0.47.
• Tower Semiconductor has seen significant institutional interest, with over 70.51% of its stock owned by institutional investors and hedge funds, reflecting strong market confidence.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) had its price target hoisted by analysts at Benchmark from $66.00 to $73.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Benchmark's target price suggests a potential upside of 15.49% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Wedbush set a $65.00 price target on shares of Tower Semiconductor and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Susquehanna set a $66.00 price objective on shares of Tower Semiconductor and gave the stock a "positive" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $66.00.

Tower Semiconductor Stock Up 0.4%

Shares of TSEM stock opened at $63.21 on Monday. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. Tower Semiconductor has a 1 year low of $28.64 and a 1 year high of $64.87. The firm's fifty day moving average price is $49.89 and its two-hundred day moving average price is $42.53. The firm has a market capitalization of $7.00 billion, a P/E ratio of 36.33 and a beta of 0.86.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The business had revenue of $372.06 million during the quarter, compared to analyst estimates of $371.63 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The firm's quarterly revenue was up 6.0% on a year-over-year basis. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Tower Semiconductor will post 1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Tower Semiconductor by 2.8% during the 4th quarter. Ameriprise Financial Inc. now owns 161,847 shares of the semiconductor company's stock worth $8,337,000 after buying an additional 4,457 shares during the period. Cetera Investment Advisers bought a new stake in shares of Tower Semiconductor during the 4th quarter worth about $249,000. LMR Partners LLP boosted its holdings in shares of Tower Semiconductor by 477.5% during the 4th quarter. LMR Partners LLP now owns 30,289 shares of the semiconductor company's stock worth $1,560,000 after buying an additional 25,044 shares during the period. Polar Capital Holdings Plc bought a new stake in shares of Tower Semiconductor during the 4th quarter worth about $14,826,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Tower Semiconductor during the 4th quarter worth about $17,056,000. 70.51% of the stock is currently 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.

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