Craig Hallum reissued their buy rating on shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) in a research note published on Wednesday, The Fly reports. They currently have a $39.00 price objective on the semiconductor company’s stock, up from their prior price objective of $32.00.

Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Tower Semiconductor from a hold rating to a buy rating in a research note on Sunday, July 16th. Drexel Hamilton boosted their price target on shares of Tower Semiconductor from $36.00 to $38.00 and gave the company a buy rating in a research report on Wednesday. Credit Suisse Group initiated coverage on shares of Tower Semiconductor in a research report on Tuesday, September 26th. They set an outperform rating and a $36.00 price target for the company. Finally, ValuEngine upgraded shares of Tower Semiconductor from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $37.00.

Tower Semiconductor (NASDAQ TSEM) traded up $0.27 during trading on Wednesday, reaching $33.51. 957,000 shares of the company were exchanged, compared to its average volume of 643,397. Tower Semiconductor has a fifty-two week low of $15.57 and a fifty-two week high of $34.20. The stock has a market cap of $3,289.61, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.44 and a quick ratio of 2.63.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its position in shares of Tower Semiconductor by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 10,304 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 876 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of Tower Semiconductor by 2.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 44,877 shares of the semiconductor company’s stock worth $1,068,000 after acquiring an additional 905 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Tower Semiconductor by 24.4% during the 2nd quarter. Dupont Capital Management Corp now owns 6,219 shares of the semiconductor company’s stock worth $148,000 after acquiring an additional 1,219 shares during the last quarter. Renaissance Group LLC lifted its holdings in shares of Tower Semiconductor by 7.8% during the 3rd quarter. Renaissance Group LLC now owns 20,701 shares of the semiconductor company’s stock worth $637,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of Tower Semiconductor by 3.3% during the 2nd quarter. Engineers Gate Manager LP now owns 53,206 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 1,706 shares during the last quarter. Hedge funds and other institutional investors own 45.29% of the company’s stock.

About Tower Semiconductor

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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