BidaskClub lowered shares of Tower Semiconductor (NASDAQ:TSEM) from a hold rating to a sell rating in a report issued on Friday morning.

A number of other equities analysts have also commented on TSEM. ValuEngine lowered Tower Semiconductor from a strong-buy rating to a buy rating in a report on Monday, May 7th. Needham & Company LLC lowered Tower Semiconductor from a strong-buy rating to a buy rating and cut their price target for the stock from $50.00 to $32.00 in a report on Tuesday, May 8th. Loop Capital initiated coverage on Tower Semiconductor in a report on Thursday, June 21st. They issued a buy rating and a $46.00 price target for the company. Finally, Credit Suisse Group lowered their price objective on Tower Semiconductor from $31.50 to $28.50 and set an outperform rating on the stock in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Tower Semiconductor has a consensus rating of Buy and an average target price of $35.50.

Tower Semiconductor stock opened at $19.90 on Friday. Tower Semiconductor has a one year low of $19.26 and a one year high of $36.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.07 and a quick ratio of 2.58. The firm has a market capitalization of $1.97 billion, a PE ratio of 9.00, a P/E/G ratio of 0.82 and a beta of 1.12.

Tower Semiconductor (NASDAQ:TSEM) last posted its quarterly earnings results on Thursday, July 26th. The semiconductor company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). Tower Semiconductor had a return on equity of 19.19% and a net margin of 19.58%. The company had revenue of $335.10 million during the quarter, compared to the consensus estimate of $335.00 million. During the same period in the previous year, the business earned $0.49 earnings per share. Tower Semiconductor’s revenue was down 2.9% on a year-over-year basis. analysts anticipate that Tower Semiconductor will post 1.63 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of TSEM. Neuberger Berman Group LLC raised its position in shares of Tower Semiconductor by 95.1% in the first quarter. Neuberger Berman Group LLC now owns 2,341,486 shares of the semiconductor company’s stock worth $62,894,000 after buying an additional 1,141,510 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Tower Semiconductor by 132,392.6% in the second quarter. Envestnet Asset Management Inc. now owns 483,598 shares of the semiconductor company’s stock worth $10,644,000 after buying an additional 483,233 shares in the last quarter. Dundas Partners LLP purchased a new stake in Tower Semiconductor during the first quarter valued at about $10,352,000. Clal Insurance Enterprises Holdings Ltd raised its position in Tower Semiconductor by 42.2% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,296,520 shares of the semiconductor company’s stock valued at $34,889,000 after purchasing an additional 385,000 shares in the last quarter. Finally, FIL Ltd raised its position in Tower Semiconductor by 24.3% during the first quarter. FIL Ltd now owns 1,562,000 shares of the semiconductor company’s stock valued at $42,033,000 after purchasing an additional 305,000 shares in the last quarter. Institutional investors own 46.19% of the company’s stock.

Tower Semiconductor Company Profile

Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. The company provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.

Recommended Story: What are CEFs?

Analyst Recommendations for Tower Semiconductor (NASDAQ:TSEM)

Receive News & Ratings for Tower Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.