BidaskClub downgraded shares of Tower Semiconductor (NASDAQ:TSEM) from a hold rating to a sell rating in a research note issued to investors on Saturday.
A number of other equities analysts have also issued reports on the stock. Needham & Company LLC reaffirmed a buy rating and set a $17.00 target price (down previously from $20.00) on shares of Tower Semiconductor in a research report on Tuesday, January 22nd. ValuEngine lowered shares of Tower Semiconductor from a hold rating to a sell rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Tower Semiconductor presently has an average rating of Buy and a consensus price target of $24.42.
Shares of TSEM stock opened at $17.08 on Friday. Tower Semiconductor has a 1 year low of $13.56 and a 1 year high of $30.39. The firm has a market cap of $1.65 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.46 and a beta of 1.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 4.85.
A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Tower Semiconductor by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 72,688 shares of the semiconductor company’s stock valued at $1,070,000 after buying an additional 3,417 shares during the period. Norges Bank bought a new stake in Tower Semiconductor in the 4th quarter valued at $23,491,000. Dimensional Fund Advisors LP increased its holdings in Tower Semiconductor by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 392,330 shares of the semiconductor company’s stock valued at $5,783,000 after buying an additional 1,973 shares during the period. Moab Capital Partners LLC increased its holdings in Tower Semiconductor by 1.5% in the 4th quarter. Moab Capital Partners LLC now owns 3,617,815 shares of the semiconductor company’s stock valued at $53,327,000 after buying an additional 54,350 shares during the period. Finally, Millennium Management LLC bought a new stake in Tower Semiconductor in the 4th quarter valued at $3,620,000. 45.49% of the stock is currently owned by hedge funds and other institutional investors.
About Tower Semiconductor
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.
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