Tower Semiconductor (NASDAQ:TSEM) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
Several other brokerages also recently issued reports on TSEM. Drexel Hamilton reaffirmed a “buy” rating and issued a $46.00 price target on shares of Tower Semiconductor in a report on Wednesday, November 29th. Needham & Company LLC upped their price target on shares of Tower Semiconductor from $45.00 to $50.00 and gave the company a “strong-buy” rating in a report on Thursday, November 30th. Credit Suisse Group upped their price target on shares of Tower Semiconductor from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Craig Hallum reaffirmed a “buy” rating and issued a $39.00 price target (up previously from $32.00) on shares of Tower Semiconductor in a report on Wednesday, November 8th. Finally, ValuEngine raised shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $43.75.
Shares of Tower Semiconductor (NASDAQ:TSEM) opened at $34.27 on Tuesday. Tower Semiconductor has a fifty-two week low of $17.75 and a fifty-two week high of $36.69. The stock has a market cap of $3,320.00, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.44 and a quick ratio of 2.85.
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About Tower Semiconductor
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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