Wedbush Forecasts Strong Price Appreciation for Tower Semiconductor (NASDAQ:TSEM) Stock

Tower Semiconductor (NASDAQ:TSEM) had its target price increased by equities research analysts at Wedbush from $140.00 to $300.00 in a report released on Thursday, MarketBeat reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Wedbush’s target price suggests a potential upside of 9.50% from the stock’s previous close.

TSEM has been the topic of a number of other reports. Barclays raised their price target on Tower Semiconductor from $114.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Benchmark raised their price target on Tower Semiconductor from $165.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, Susquehanna reaffirmed a “positive” rating and set a $180.00 target price on shares of Tower Semiconductor in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Tower Semiconductor has a consensus rating of “Hold” and an average price target of $276.75.

Tower Semiconductor Price Performance

Shares of TSEM opened at $273.98 on Thursday. The firm has a market capitalization of $30.81 billion, a price-to-earnings ratio of 127.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.51 and a current ratio of 6.48. Tower Semiconductor has a one year low of $37.48 and a one year high of $283.46. The stock’s fifty day moving average is $189.11 and its 200-day moving average is $141.92.

Tower Semiconductor (NASDAQ:TSEM) last issued its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $413.63 million for the quarter, compared to analyst estimates of $410.72 million. Tower Semiconductor had a return on equity of 8.65% and a net margin of 15.13%.The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Equities analysts anticipate that Tower Semiconductor will post 2.64 EPS for the current year.

Hedge Funds Weigh In On Tower Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of TSEM. USA Financial Formulas acquired a new position in shares of Tower Semiconductor in the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC boosted its position in shares of Tower Semiconductor by 254.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 418 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Westside Investment Management Inc. boosted its position in shares of Tower Semiconductor by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 452 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 226 shares during the period. Advisory Services Network LLC acquired a new position in shares of Tower Semiconductor in the 3rd quarter valued at $48,000. Finally, Covestor Ltd acquired a new position in shares of Tower Semiconductor in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

More Tower Semiconductor News

Here are the key news stories impacting Tower Semiconductor this week:

• Positive Sentiment: Tower Semiconductor announced $1.3 billion in silicon photonics contracts for 2027, along with $290 million in customer prepayments, signaling major revenue visibility and strong demand for its advanced manufacturing capabilities. Article Title
• Positive Sentiment: The company’s first-quarter results beat expectations, with EPS of $0.65 versus $0.56 expected and revenue of $413.6 million slightly ahead of estimates, while management also raised second-quarter guidance. Article Title
• Positive Sentiment: Analysts turned more constructive after the earnings report, including Wedbush lifting its price target to $300 and other firms boosting forecasts, reinforcing bullish sentiment around TSEM. Article Title

About Tower Semiconductor

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.