Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.86 and last traded at $75.23, with a volume of 189684 shares trading hands. The stock had previously closed at $72.77.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tower Semiconductor in a research note on Saturday, September 27th. Wedbush set a $65.00 price target on Tower Semiconductor and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Susquehanna set a $66.00 price objective on Tower Semiconductor and gave the company a "positive" rating in a research report on Tuesday, August 5th. Barclays assumed coverage on shares of Tower Semiconductor in a report on Thursday, September 18th. They issued an "equal weight" rating and a $74.00 target price on the stock. Finally, Benchmark lifted their target price on shares of Tower Semiconductor from $66.00 to $73.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $67.60.
Read Our Latest Stock Report on Tower Semiconductor
Tower Semiconductor Trading Up 2.8%
The firm has a 50 day simple moving average of $58.91 and a 200 day simple moving average of $46.50. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $8.29 billion, a PE ratio of 42.98 and a beta of 0.87.
Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $372.06 million during the quarter, compared to the consensus estimate of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.Tower Semiconductor's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Equities analysts expect that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Tower Semiconductor
A number of large investors have recently added to or reduced their stakes in the stock. Senvest Management LLC boosted its stake in shares of Tower Semiconductor by 0.9% in the 2nd quarter. Senvest Management LLC now owns 8,128,614 shares of the semiconductor company's stock worth $352,375,000 after buying an additional 69,207 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Tower Semiconductor by 2.4% in the first quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company's stock valued at $145,106,000 after acquiring an additional 93,868 shares during the period. Jennison Associates LLC boosted its position in Tower Semiconductor by 2.3% in the first quarter. Jennison Associates LLC now owns 2,546,357 shares of the semiconductor company's stock worth $90,803,000 after purchasing an additional 57,544 shares during the last quarter. Meitav Investment House Ltd. boosted its position in Tower Semiconductor by 1.0% in the second quarter. Meitav Investment House Ltd. now owns 2,242,514 shares of the semiconductor company's stock worth $97,247,000 after purchasing an additional 22,873 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Tower Semiconductor by 12.2% during the 1st quarter. Wellington Management Group LLP now owns 2,240,229 shares of the semiconductor company's stock valued at $79,887,000 after purchasing an additional 243,267 shares during the period. Institutional investors own 70.51% of the company's stock.
About Tower Semiconductor
(
Get Free Report)
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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