Tower Semiconductor Ltd. (TSEM) Given New $38.00 Price Target at Drexel Hamilton

Tower Semiconductor Ltd. (NASDAQ:TSEM) had its price target increased by Drexel Hamilton from $36.00 to $38.00 in a report issued on Wednesday. Drexel Hamilton currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also weighed in on TSEM. ValuEngine upgraded shares of Tower Semiconductor from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Credit Suisse Group began coverage on shares of Tower Semiconductor in a research note on Tuesday, September 26th. They set an outperform rating and a $36.00 price objective for the company. Finally, BidaskClub upgraded shares of Tower Semiconductor from a hold rating to a buy rating in a research note on Thursday, August 24th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $37.00.

Shares of Tower Semiconductor (NASDAQ:TSEM) traded down $0.63 during trading on Wednesday, hitting $33.24. 688,914 shares of the company traded hands, compared to its average volume of 702,341. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.63 and a current ratio of 3.18. The company has a market cap of $3,160.01, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.09 and a beta of 0.96. Tower Semiconductor has a 52 week low of $15.30 and a 52 week high of $34.20.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at

Large investors have recently added to or reduced their stakes in the business. Winslow Evans & Crocker Inc. bought a new stake in Tower Semiconductor during the 3rd quarter valued at about $120,000. Dupont Capital Management Corp increased its stake in Tower Semiconductor by 24.4% during the 2nd quarter. Dupont Capital Management Corp now owns 6,219 shares of the semiconductor company’s stock valued at $148,000 after purchasing an additional 1,219 shares in the last quarter. SG Americas Securities LLC bought a new stake in Tower Semiconductor during the 3rd quarter valued at about $207,000. Parametric Portfolio Associates LLC bought a new stake in Tower Semiconductor during the 1st quarter valued at about $217,000. Finally, Spectrum Asset Management Inc. NB CA bought a new stake in shares of Tower Semiconductor in the third quarter worth approximately $290,000. Institutional investors and hedge funds own 45.29% of the company’s stock.

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.

Receive News & Ratings for Tower Semiconductor Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower Semiconductor Ltd. and related companies with's FREE daily email newsletter.

Leave a Reply