Tower Semiconductor (TSEM) Downgraded to “Hold” at BidaskClub
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.
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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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