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

Tower Semiconductor (NASDAQ:TSEM)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a report issued on Monday,Benzinga reports. They currently have a $60.00 price target on the semiconductor company’s stock. Benchmark’s price objective indicates a potential upside of 102.36% from the stock’s current price.

Separately, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Tower Semiconductor Price Performance

TSEM opened at $29.65 on Monday. The business has a fifty day moving average of $42.20 and a 200 day moving average of $45.70. The stock has a market cap of $3.29 billion, a P/E ratio of 15.94 and a beta of 0.87. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05. Tower Semiconductor has a 52-week low of $28.64 and a 52-week high of $55.31.

Institutional Trading of Tower Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Tower Semiconductor by 5.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,577 shares of the semiconductor company’s stock worth $703,000 after acquiring an additional 643 shares in the last quarter. USS Investment Management Ltd bought a new position in shares of Tower Semiconductor during the fourth quarter valued at approximately $828,000. Squarepoint Ops LLC bought a new position in shares of Tower Semiconductor during the fourth quarter valued at approximately $247,000. Two Sigma Advisers LP increased its holdings in Tower Semiconductor by 110.2% during the fourth quarter. Two Sigma Advisers LP now owns 41,200 shares of the semiconductor company’s stock valued at $2,122,000 after buying an additional 21,600 shares during the period. Finally, Two Sigma Investments LP bought a new position in Tower Semiconductor in the fourth quarter worth approximately $1,720,000. 70.51% of the stock is currently owned by institutional investors.

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.