Tower Semiconductor (NASDAQ:TSEM) Reaches New 52-Week High - Should You Buy?

Key Points

• Tower Semiconductor shares reached a new 52-week high of $72.15, reflecting increased investor interest and trading volume of 697,475 shares.
• Analysts have set a consensus price target of $67.60 for Tower Semiconductor, with various ratings from "Buy" to "Equal Weight" by different firms.
• In its recent quarterly report, Tower Semiconductor reported revenue growth of 6% year-over-year but missed EPS estimates, leading to mixed analyst outlooks.

Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $72.15 and last traded at $72.08, with a volume of 697475 shares changing hands. The stock had previously closed at $70.51.

Analysts Set New Price Targets

TSEM has been the topic of a number of research analyst reports. Wedbush set a $65.00 target price on Tower Semiconductor and gave the company an "outperform" rating in a 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 started coverage on Tower Semiconductor in a research report on Thursday, September 18th. They set an "equal weight" rating and a $74.00 price objective on the stock. Finally, Benchmark boosted their price objective on Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $67.60.

Tower Semiconductor Trading Up 2.5%

The company has a 50 day moving average of $56.82 and a 200 day moving average of $45.51. 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 cap of $8.01 billion, a price-to-earnings ratio of 41.55 and a beta of 0.86.

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

Hedge Funds Weigh In On Tower Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of TSEM. Orion Porfolio Solutions LLC raised its position in shares of Tower Semiconductor by 1.1% during the second quarter. Orion Porfolio Solutions LLC now owns 28,517 shares of the semiconductor company's stock worth $1,236,000 after acquiring an additional 301 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Tower Semiconductor by 12.9% in the second quarter. Squarepoint Ops LLC now owns 23,150 shares of the semiconductor company's stock valued at $1,004,000 after purchasing an additional 2,643 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Tower Semiconductor in the second quarter valued at about $1,262,000. Evergreen Capital Management LLC bought a new stake in Tower Semiconductor in the second quarter valued at about $216,000. Finally, State of Tennessee Department of Treasury increased its holdings in Tower Semiconductor by 52.0% in the second quarter. State of Tennessee Department of Treasury now owns 121,018 shares of the semiconductor company's stock valued at $5,246,000 after purchasing an additional 41,393 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.