Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) have received a consensus rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.75.

Several brokerages recently issued reports on TSEM. BidaskClub upgraded shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. ValuEngine upgraded shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group began coverage on shares of Tower Semiconductor in a report on Tuesday, September 26th. They issued an “outperform” rating and a $36.00 price objective on the stock. Drexel Hamilton boosted their price target on shares of Tower Semiconductor from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Craig Hallum reiterated a “buy” rating and set a $39.00 price target (up from $32.00) on shares of Tower Semiconductor in a research note on Wednesday, November 8th.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in Tower Semiconductor by 9.2% in the second quarter. Wells Fargo & Company MN now owns 88,285 shares of the semiconductor company’s stock valued at $2,106,000 after purchasing an additional 7,445 shares in the last quarter. HighVista Strategies LLC acquired a new position in Tower Semiconductor in the second quarter valued at approximately $3,043,000. Dupont Capital Management Corp boosted its holdings in Tower Semiconductor by 24.4% in the second quarter. Dupont Capital Management Corp now owns 6,219 shares of the semiconductor company’s stock valued at $148,000 after purchasing an additional 1,219 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Tower Semiconductor by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 500,563 shares of the semiconductor company’s stock valued at $11,937,000 after purchasing an additional 31,572 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Tower Semiconductor by 22.0% in the second quarter. Vanguard Group Inc. now owns 1,840,765 shares of the semiconductor company’s stock valued at $43,902,000 after purchasing an additional 331,647 shares in the last quarter. 42.33% of the stock is owned by institutional investors and hedge funds.

Tower Semiconductor (TSEM) opened at $33.25 on Friday. Tower Semiconductor has a fifty-two week low of $18.38 and a fifty-two week high of $36.69. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $3,279.78, a price-to-earnings ratio of 15.61, a PEG ratio of 1.10 and a beta of 0.97.

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Tower Semiconductor Company Profile

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Company manufactures semiconductors for its customers primarily based on third-party designs.

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