Tower Semiconductor (NASDAQ:TSEM) Earns Equal Weight Rating from Analysts at Barclays

Key Points

• Analysts at Barclays have initiated coverage on Tower Semiconductor (NASDAQ:TSEM) with an "equal weight" rating and a price target of $74.00, indicating a potential upside of 9.14% from its previous close.
• Other analysts, including Benchmark and Susquehanna, have set price targets ranging from $66.00 to $73.00, with four analysts currently rating the stock as a Buy.
• Tower Semiconductor reported earnings of $0.41 per share for the last quarter, missing expectations, but showed a 6.0% year-over-year revenue increase to $372.06 million.

Barclays initiated coverage on shares of Tower Semiconductor (NASDAQ:TSEM - Free Report) in a report issued on Thursday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $74.00 target price on the semiconductor company's stock.

Several other equities analysts have also commented on TSEM. Benchmark increased their price objective on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Susquehanna set a $66.00 price objective on shares of Tower Semiconductor and gave the company a "positive" rating in a report on Tuesday, August 5th. Finally, Wedbush set a $65.00 price objective on shares of Tower Semiconductor and gave the company an "outperform" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Tower Semiconductor has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

Tower Semiconductor Stock Up 3.4%

Shares of Tower Semiconductor stock traded up $2.30 during trading hours on Thursday, reaching $69.32. The company's stock had a trading volume of 603,280 shares, compared to its average volume of 852,688. The company has a market capitalization of $7.68 billion, a P/E ratio of 39.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.50 and a current ratio of 6.57. The stock's fifty day simple moving average is $54.22 and its two-hundred day simple moving average is $44.21. Tower Semiconductor has a one year low of $28.64 and a one year high of $72.13.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates 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%.The company's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Tower Semiconductor will post 1.67 earnings per share for the current year.

Hedge Funds Weigh In On Tower Semiconductor

Several hedge funds have recently modified their holdings of the company. TCTC Holdings LLC raised its stake in shares of Tower Semiconductor by 117.9% during the first quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 382 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Tower Semiconductor in the 1st quarter worth about $39,000. Blue Trust Inc. grew its holdings in Tower Semiconductor by 14.8% during the 2nd quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 227 shares during the last quarter. Headlands Technologies LLC bought a new position in Tower Semiconductor in the 1st quarter worth about $75,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Tower Semiconductor in the 2nd quarter worth approximately $207,000. Institutional investors 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.