Tower Semiconductor (NASDAQ:TSEM) Reaches New 52-Week High on Analyst Upgrade

Key Points

• Tower Semiconductor's stock hit a new 52-week high after Benchmark upgraded its price target from $66 to $73, currently trading around $64.85.
• Analysts maintain a consensus buy rating for Tower Semiconductor, with an average target price of $66, while four analysts have rated the stock as a Buy.
• Recent institutional activity shows strong interest, with over 70% of shares owned by hedge funds and institutional investors, indicating growing confidence in the company.

Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report)'s share price hit a new 52-week high on Tuesday after Benchmark raised their price target on the stock from $66.00 to $73.00. Benchmark currently has a buy rating on the stock. Tower Semiconductor traded as high as $65.43 and last traded at $64.85, with a volume of 1074172 shares traded. The stock had previously closed at $63.21.

TSEM has been the subject of a number of other reports. Wedbush set a $65.00 price objective on 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 Tower Semiconductor and gave the stock a "positive" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $66.00.

Institutional Investors Weigh In On Tower Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in TSEM. Blue Trust Inc. boosted its holdings in shares of Tower Semiconductor by 14.8% during the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company's stock valued at $76,000 after acquiring an additional 227 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of Tower Semiconductor by 1.1% in the second quarter. Orion Porfolio Solutions LLC now owns 28,517 shares of the semiconductor company's stock valued at $1,236,000 after buying an additional 301 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Tower Semiconductor by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,700 shares of the semiconductor company's stock valued at $310,000 after acquiring an additional 350 shares during the last quarter. Oak Associates Ltd. OH lifted its position in shares of Tower Semiconductor by 1.8% in the 2nd quarter. Oak Associates Ltd. OH now owns 20,191 shares of the semiconductor company's stock valued at $875,000 after acquiring an additional 350 shares in the last quarter. Finally, TCTC Holdings LLC grew its position in 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 purchasing an additional 382 shares in the last quarter. 70.51% of the stock is owned by institutional investors and hedge funds.

Tower Semiconductor Trading Up 0.0%

The company has a fifty day moving average price of $52.01 and a 200-day moving average price of $43.30. 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 $7.32 billion, a price-to-earnings ratio of 37.95 and a beta of 0.86.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its earnings results 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 firm had revenue of $372.06 million for the quarter, compared to analyst estimates of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The firm's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.