Tower Semiconductor (NASDAQ:TSEM) Price Target Raised to $73.00

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 raised by analysts at Benchmark from $66.00 to $73.00 in a note issued to investors on Monday, Marketbeat.com reports. The firm currently has a "buy" rating on the semiconductor company's stock. Benchmark's price objective points to a potential upside of 10.54% from the stock's current price.

Several other brokerages have also recently weighed in on TSEM. Susquehanna set a $66.00 price target on shares of Tower Semiconductor and gave the stock a "positive" rating in a research report on Tuesday, August 5th. Wedbush set a $65.00 price objective on shares of Tower Semiconductor and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $66.00.

Tower Semiconductor Stock Up 0.0%

Shares of TSEM traded up $0.02 during mid-day trading on Monday, hitting $66.04. The company's stock had a trading volume of 1,306,793 shares, compared to its average volume of 1,644,466. The company's 50-day moving average is $52.01 and its 200-day moving average is $43.30. Tower Semiconductor has a 52-week low of $28.64 and a 52-week high of $67.75. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 37.95 and a beta of 0.86. 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 (NASDAQ:TSEM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The business had revenue of $372.06 million during the quarter, compared to analysts' expectations of $371.63 million. During the same period in the previous year, the company posted $0.53 EPS. Tower Semiconductor's revenue for the quarter was up 6.0% on a year-over-year basis. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Tower Semiconductor will post 1.67 EPS for the current fiscal year.

Institutional Trading of Tower Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Tower Semiconductor in the first quarter worth $551,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Tower Semiconductor by 8.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,715 shares of the semiconductor company's stock worth $525,000 after acquiring an additional 1,138 shares during the period. Squarepoint Ops LLC purchased a new stake in Tower Semiconductor during the fourth quarter worth $247,000. Fifth Third Bancorp boosted its holdings in Tower Semiconductor by 18.0% during the first quarter. Fifth Third Bancorp now owns 9,885 shares of the semiconductor company's stock worth $352,000 after buying an additional 1,509 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Tower Semiconductor during the fourth quarter worth $249,000. Institutional investors and hedge funds own 70.51% of the company's stock.

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.