Tower Semiconductor (NASDAQ:TSEM) Downgraded by StockNews.com to Hold

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

Separately, Benchmark restated a “buy” rating and set a $55.00 price target on shares of Tower Semiconductor in a research report on Monday, September 9th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.33.

Tower Semiconductor Price Performance

NASDAQ:TSEM opened at $48.42 on Tuesday. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 11.06 and a beta of 0.90. Tower Semiconductor has a 52-week low of $26.03 and a 52-week high of $50.25. The stock has a fifty day moving average of $43.38 and a 200 day moving average of $40.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.94 and a current ratio of 5.90.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TSEM. Transcendent Capital Group LLC bought a new stake in shares of Tower Semiconductor in the third quarter worth about $27,000. USA Financial Formulas bought a new stake in shares of Tower Semiconductor in the third quarter worth about $38,000. Blue Trust Inc. grew its stake in shares of Tower Semiconductor by 319.3% in the third quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 1,376 shares during the last quarter. Signaturefd LLC grew its stake in shares of Tower Semiconductor by 21.1% in the third quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 431 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Tower Semiconductor in the second quarter worth about $177,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

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.