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

Several other equities research analysts also recently commented on the company. ValuEngine upgraded Tower Semiconductor from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Drexel Hamilton restated a buy rating and set a $46.00 price objective on shares of Tower Semiconductor in a report on Wednesday, November 29th. Needham & Company LLC boosted their price objective on Tower Semiconductor from $45.00 to $50.00 and gave the company a strong-buy rating in a report on Thursday, November 30th. Credit Suisse Group boosted their price objective on Tower Semiconductor from $36.00 to $40.00 and gave the company an outperform rating in a report on Wednesday, November 15th. Finally, Craig Hallum restated a buy rating and set a $39.00 price objective (up previously from $32.00) on shares of Tower Semiconductor in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Tower Semiconductor has an average rating of Buy and a consensus price target of $43.75.

Shares of Tower Semiconductor (NASDAQ:TSEM) opened at $34.24 on Friday. The firm has a market capitalization of $3,325.90, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 0.92 and a beta of 0.96. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.34. Tower Semiconductor has a 1-year low of $19.97 and a 1-year high of $36.69.

Tower Semiconductor (NASDAQ:TSEM) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.07. Tower Semiconductor had a return on equity of 27.82% and a net margin of 14.53%. equities analysts anticipate that Tower Semiconductor will post 2.02 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSEM. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Tower Semiconductor during the third quarter valued at approximately $18,035,000. Monarch Partners Asset Management LLC bought a new stake in shares of Tower Semiconductor during the third quarter valued at approximately $15,362,000. Bank of Nova Scotia bought a new stake in Tower Semiconductor during the second quarter worth $9,068,000. Vanguard Group Inc. grew its holdings in Tower Semiconductor by 22.0% during the second quarter. Vanguard Group Inc. now owns 1,840,765 shares of the semiconductor company’s stock worth $43,902,000 after buying an additional 331,647 shares in the last quarter. Finally, Ion Asset Management Ltd. grew its holdings in Tower Semiconductor by 60.8% during the second quarter. Ion Asset Management Ltd. now owns 833,530 shares of the semiconductor company’s stock worth $19,880,000 after buying an additional 315,247 shares in the last quarter. Hedge funds and other institutional investors own 43.68% of the company’s stock.

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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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