Tower Semiconductor (NASDAQ:TSEM) Reaches New 52-Week High After 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 stock price reached a new 52-week high during mid-day trading 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.

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

Hedge Funds Weigh In On Tower Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the company. TCTC Holdings LLC lifted its stake in shares of Tower Semiconductor by 117.9% in the 1st 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. Caitong International Asset Management Co. Ltd acquired a new position in shares of Tower Semiconductor in the 1st quarter valued at about $39,000. Blue Trust Inc. lifted its stake in shares of Tower Semiconductor by 14.8% in 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 in the last quarter. Headlands Technologies LLC acquired a new position in shares of Tower Semiconductor in the 1st quarter valued at about $75,000. Finally, PharVision Advisers LLC acquired a new position in shares of Tower Semiconductor in the 2nd quarter valued at about $207,000. 70.51% of the stock is owned by institutional investors and hedge funds.

Tower Semiconductor Stock Up 2.6%

The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 37.27 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. The firm has a 50 day moving average price of $50.32 and a two-hundred day moving average price of $42.67.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings data 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 net margin of 13.20% and a return on equity of 7.37%. The firm had revenue of $372.06 million during the quarter, compared to analyst estimates of $371.63 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business'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 analysts expect that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal 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.

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