Tower Semiconductor (NASDAQ:TSEM) Price Target Raised to $125.00

Tower Semiconductor (NASDAQ:TSEM) had its target price lifted by Wedbush from $85.00 to $125.00 in a report released on Tuesday morning,Benzinga reports. Wedbush currently has an outperform rating on the semiconductor company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tower Semiconductor in a research report on Wednesday, October 8th. Benchmark lifted their price target on shares of Tower Semiconductor from $73.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday. Barclays boosted their price target on shares of Tower Semiconductor from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Susquehanna raised their price objective on Tower Semiconductor from $100.00 to $135.00 and gave the company a “positive” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.25.

Tower Semiconductor Price Performance

NASDAQ:TSEM opened at $99.09 on Tuesday. The business’s 50-day simple moving average is $75.65 and its two-hundred day simple moving average is $55.63. Tower Semiconductor has a 52 week low of $28.64 and a 52 week high of $106.74. The stock has a market cap of $10.98 billion, a PE ratio of 56.95 and a beta of 0.94. The company has a quick ratio of 5.50, a current ratio of 6.57 and a debt-to-equity ratio of 0.05.

Tower Semiconductor (NASDAQ:TSEM) last released its earnings results on Monday, November 10th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $395.67 million during the quarter, compared to analysts’ expectations of $394.98 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. Tower Semiconductor has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Tower Semiconductor will post 1.67 EPS for the current fiscal year.

Institutional Trading of Tower Semiconductor

Several hedge funds have recently made changes to their positions in TSEM. Senvest Management LLC grew its position in Tower Semiconductor by 0.9% in the second quarter. Senvest Management LLC now owns 8,128,614 shares of the semiconductor company’s stock worth $352,375,000 after acquiring an additional 69,207 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Tower Semiconductor by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,284,968 shares of the semiconductor company’s stock valued at $305,630,000 after purchasing an additional 78,697 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Tower Semiconductor by 7.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,977,806 shares of the semiconductor company’s stock valued at $215,295,000 after purchasing an additional 200,000 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Tower Semiconductor by 2.3% in the 1st quarter. Jennison Associates LLC now owns 2,546,357 shares of the semiconductor company’s stock worth $90,803,000 after purchasing an additional 57,544 shares during the period. Finally, Meitav Investment House Ltd. increased its position in shares of Tower Semiconductor by 1.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 2,268,503 shares of the semiconductor company’s stock valued at $162,870,000 after purchasing an additional 25,989 shares during the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

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.