Tower Semiconductor (NASDAQ:TSEM) Given Buy Rating at Benchmark

Tower Semiconductor (NASDAQ:TSEM)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a research note issued to investors on Thursday,Benzinga reports. They currently have a $55.00 price objective on the semiconductor company’s stock. Benchmark’s price target indicates a potential upside of 13.59% from the company’s previous close.

TSEM has been the subject of several other research reports. StockNews.com lowered Tower Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna raised their price objective on Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Tower Semiconductor Stock Up 12.3 %

Shares of NASDAQ:TSEM opened at $48.42 on Thursday. Tower Semiconductor has a 52-week low of $26.03 and a 52-week high of $50.25. The firm has a market capitalization of $5.37 billion, a P/E ratio of 10.93 and a beta of 0.90. The stock has a 50 day moving average price of $43.38 and a 200-day moving average price of $40.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.94 and a current ratio of 5.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Senvest Management LLC increased its position in Tower Semiconductor by 1.7% during the 3rd quarter. Senvest Management LLC now owns 8,320,433 shares of the semiconductor company’s stock valued at $368,262,000 after buying an additional 138,807 shares in the last quarter. Vanguard Group Inc. increased its position in Tower Semiconductor by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 3,790,957 shares of the semiconductor company’s stock valued at $126,808,000 after buying an additional 64,679 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Tower Semiconductor by 3.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,763,097 shares of the semiconductor company’s stock valued at $147,927,000 after purchasing an additional 123,200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Tower Semiconductor by 1.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,297,806 shares of the semiconductor company’s stock valued at $145,961,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Tower Semiconductor by 1.5% during the 3rd quarter. Jennison Associates LLC now owns 2,790,991 shares of the semiconductor company’s stock valued at $123,529,000 after purchasing an additional 40,038 shares during the last quarter. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Company Profile

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.