StockNews.com Downgrades Tower Semiconductor (NASDAQ:TSEM) to Hold

Tower Semiconductor (NASDAQ:TSEM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Separately, Benchmark restated a “buy” rating and set a $55.00 target price on shares of Tower Semiconductor in a research report on Monday, September 9th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tower Semiconductor presently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

Tower Semiconductor Price Performance

Shares of TSEM opened at $48.42 on Tuesday. Tower Semiconductor has a 12-month low of $26.03 and a 12-month high of $50.25. The business has a 50-day simple moving average of $43.38 and a two-hundred day simple moving average of $40.44. The company has a quick ratio of 4.94, a current ratio of 5.90 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.37 billion, a PE ratio of 11.06 and a beta of 0.90.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Tower Semiconductor in the third quarter worth approximately $27,000. USA Financial Formulas purchased a new stake in shares of Tower Semiconductor during the third quarter valued at approximately $38,000. Blue Trust Inc. increased its position in shares of Tower Semiconductor by 319.3% during the third quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,376 shares during the last quarter. Signaturefd LLC increased its position in shares of Tower Semiconductor by 21.1% during the third quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 431 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Tower Semiconductor during the first quarter valued at approximately $164,000. 70.51% of the stock is owned by institutional investors and hedge funds.

About Tower Semiconductor

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.