Tower Semiconductor (NASDAQ:TSEM) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also recently issued research reports about the company. Credit Suisse Group decreased their price objective on Tower Semiconductor from $31.50 to $28.50 and set an “outperform” rating for the company in a report on Friday, July 27th. Needham & Company LLC cut Tower Semiconductor from a “strong-buy” rating to a “buy” rating and decreased their price objective for the company from $50.00 to $32.00 in a report on Tuesday, May 8th. ValuEngine cut Tower Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Monday, May 7th. Craig Hallum set a $29.00 price target on Tower Semiconductor and gave the stock a “buy” rating in a report on Thursday, August 23rd. Finally, Loop Capital reduced their price target on Tower Semiconductor from $46.00 to $36.00 and set a “buy” rating for the company in a report on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.92.

Shares of NASDAQ TSEM opened at $21.52 on Wednesday. The stock has a market capitalization of $2.10 billion, a PE ratio of 9.74, a P/E/G ratio of 0.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.07 and a quick ratio of 2.58. Tower Semiconductor has a fifty-two week low of $19.26 and a fifty-two week high of $36.69.

Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The company had revenue of $335.10 million during the quarter, compared to the consensus estimate of $335.00 million. Tower Semiconductor had a net margin of 19.58% and a return on equity of 19.19%. Tower Semiconductor’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. sell-side analysts forecast that Tower Semiconductor will post 1.63 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of TSEM. Mount Yale Investment Advisors LLC bought a new position in Tower Semiconductor during the first quarter worth about $138,000. New England Research & Management Inc. bought a new position in Tower Semiconductor during the second quarter worth about $354,000. Brinker Capital Inc. grew its holdings in Tower Semiconductor by 54.7% during the first quarter. Brinker Capital Inc. now owns 14,296 shares of the semiconductor company’s stock worth $385,000 after purchasing an additional 5,052 shares during the period. A.R.T. Advisors LLC bought a new stake in shares of Tower Semiconductor during the first quarter worth approximately $484,000. Finally, Koch Industries Inc. boosted its holdings in shares of Tower Semiconductor by 48.0% during the first quarter. Koch Industries Inc. now owns 18,012 shares of the semiconductor company’s stock worth $485,000 after acquiring an additional 5,838 shares during the period. Institutional investors and hedge funds own 46.20% of the company’s stock.

Tower Semiconductor Company Profile

Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. The company provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.

Further Reading: Book Value Per Share – BVPS

Analyst Recommendations for Tower Semiconductor (NASDAQ:TSEM)

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