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

Other equities analysts also recently issued research reports about the stock. Drexel Hamilton restated a “buy” rating and set a $46.00 price objective on shares of Tower Semiconductor in a research report on Wednesday, November 29th. Craig Hallum restated a “buy” rating and set a $39.00 price objective (up previously from $32.00) on shares of Tower Semiconductor in a research report on Wednesday, November 8th. Credit Suisse Group started coverage on shares of Tower Semiconductor in a research report on Tuesday, September 26th. They set an “outperform” rating and a $36.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Tower Semiconductor from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 30th. Finally, ValuEngine raised shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Tower Semiconductor currently has a consensus rating of “Buy” and an average price target of $43.75.

Shares of Tower Semiconductor (NASDAQ TSEM) traded down $0.16 during trading on Tuesday, reaching $33.25. The firm has a market capitalization of $3,140.00, a PE ratio of 15.54, a P/E/G ratio of 1.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.85 and a current ratio of 3.44. Tower Semiconductor has a 1-year low of $18.38 and a 1-year high of $36.69.

Several large investors have recently bought and sold shares of TSEM. Winslow Evans & Crocker Inc. acquired a new position in shares of Tower Semiconductor during the 3rd quarter worth $120,000. Dupont Capital Management Corp grew its stake in shares of Tower Semiconductor by 24.4% during the 2nd quarter. Dupont Capital Management Corp now owns 6,219 shares of the semiconductor company’s stock worth $148,000 after purchasing an additional 1,219 shares during the period. SG Americas Securities LLC acquired a new position in shares of Tower Semiconductor during the 3rd quarter worth $207,000. Parametric Portfolio Associates LLC acquired a new position in shares of Tower Semiconductor during the 1st quarter worth $217,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Tower Semiconductor during the 2nd quarter worth $279,000. 42.33% of the stock is currently owned by institutional investors and hedge funds.

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Tower Semiconductor Company Profile

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Company manufactures semiconductors for its customers primarily based on third-party designs.

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