Tower Semiconductor Ltd. (NASDAQ:TSEM) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 2,201 put options on the company. This is an increase of 1,137% compared to the typical daily volume of 178 put options.

Shares of Tower Semiconductor (NASDAQ TSEM) opened at $34.91 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.44 and a quick ratio of 2.85. Tower Semiconductor has a 12 month low of $17.51 and a 12 month high of $36.69. The company has a market cap of $3,350.00, a price-to-earnings ratio of 16.44, a PEG ratio of 1.16 and a beta of 0.96.

A number of equities research analysts have weighed in on the stock. Drexel Hamilton reissued a “buy” rating and set a $46.00 target price on shares of Tower Semiconductor in a report on Wednesday. Needham & Company LLC boosted their target price on shares of Tower Semiconductor from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a report on Thursday. Credit Suisse Group boosted their target price on shares of Tower Semiconductor from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, November 15th. Craig Hallum reissued a “buy” rating and set a $39.00 target price (up from $32.00) on shares of Tower Semiconductor in a report on Wednesday, November 8th. Finally, ValuEngine raised shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Tower Semiconductor currently has an average rating of “Buy” and an average price target of $43.75.

Several large investors have recently bought and sold shares of the company. Insight Capital Research & Management Inc. bought a new stake in shares of Tower Semiconductor in the 3rd quarter valued at $2,479,000. Neuberger Berman Group LLC bought a new stake in shares of Tower Semiconductor in the 3rd quarter valued at $1,813,000. Highbridge Capital Management LLC bought a new stake in shares of Tower Semiconductor in the 3rd quarter valued at $391,000. Boothbay Fund Management LLC bought a new stake in shares of Tower Semiconductor in the 3rd quarter valued at $656,000. Finally, Lenox Wealth Management Inc. bought a new stake in shares of Tower Semiconductor in the 3rd quarter valued at $479,000. 42.35% of the stock is currently owned by institutional investors.

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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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