Tower Semiconductor (NASDAQ:TSEM) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Tower Semiconductor (NASDAQ:TSEM) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Separately, Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Tower Semiconductor in a report on Monday, September 9th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Tower Semiconductor has an average rating of “Moderate Buy” and an average target price of $58.33.

Tower Semiconductor Trading Down 3.8 %

Shares of TSEM opened at $44.55 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.94 and a current ratio of 5.90. Tower Semiconductor has a one year low of $26.62 and a one year high of $50.25. The stock has a 50-day moving average price of $43.62 and a 200 day moving average price of $40.54. The company has a market capitalization of $4.94 billion, a P/E ratio of 24.26 and a beta of 0.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSEM. Transcendent Capital Group LLC acquired a new position in Tower Semiconductor during the 3rd quarter valued at about $27,000. USA Financial Formulas acquired a new position in shares of Tower Semiconductor during the third quarter valued at $38,000. Blue Trust Inc. raised its stake 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 purchasing an additional 1,376 shares in the last quarter. Signaturefd LLC lifted its holdings in Tower Semiconductor by 21.1% in the third quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 431 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Tower Semiconductor in the 2nd quarter valued at about $177,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

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.