Tower Semiconductor’s (TSEM) “Buy” Rating Reiterated at Benchmark

Tower Semiconductor (NASDAQ:TSEM)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a research note issued to investors on Monday,Benzinga reports. They presently have a $60.00 target price on the semiconductor company’s stock. Benchmark’s price target would suggest a potential upside of 94.17% from the stock’s current price.

Separately, Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Tower Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Tower Semiconductor Trading Down 3.0 %

NASDAQ TSEM opened at $30.90 on Monday. The firm’s 50 day moving average price is $41.30 and its two-hundred day moving average price is $45.45. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 16.61 and a beta of 0.84. Tower Semiconductor has a twelve month low of $28.64 and a twelve month high of $55.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18.

Institutional Investors Weigh In On Tower Semiconductor

Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Tower Semiconductor by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,189 shares of the semiconductor company’s stock worth $4,346,000 after acquiring an additional 1,645 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Tower Semiconductor during the 3rd quarter worth about $1,979,000. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Tower Semiconductor by 140.0% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 24,000 shares of the semiconductor company’s stock valued at $1,062,000 after buying an additional 14,000 shares during the last quarter. Barclays PLC grew its stake in shares of Tower Semiconductor by 4,081.2% in the 3rd quarter. Barclays PLC now owns 23,958 shares of the semiconductor company’s stock valued at $1,060,000 after buying an additional 23,385 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Tower Semiconductor by 0.9% in the third quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company’s stock worth $4,154,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Company Profile

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.