Tower Semiconductor Ltd. (NASDAQ:TSEM) Stock Rating Lowered by BidaskClub

Xavier Trudeau
Août 2, 2017

A number of equities research analysts have commented on TSEM shares.

A number of other large investors have also added to or reduced their stakes in TSEM. TheStreet lowered Tower Semiconductor from a "b-" rating to a "c" rating in a research report on Monday, April 17th. Needham initiated the stock with "Strong Buy" rating in Friday, January 22 report. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of "Buy" and an average price target of $31.50. (NASDAQ TSEM) traded down 1.58% on Monday, hitting $26.15. The stock stands almost $0.77 off versus the 52-week high of $27.6 and $13.37 above the 52-week low of $13.46. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of 3.72% from last close price of 26.57 and act as support or resistance of price limit. The Market Capitalization of the company stands at 2.56 Billion.

Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings data on Monday, May 8th. The semiconductor company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The business had revenue of $330.10 million during the quarter, compared to analyst estimates of $330 million.

Tower Semiconductor Ltd. - Ordi now has a P/E ratio of 14.56 and the market value is 2.55B. Tower Semiconductor's quarterly revenue was up 18.7% compared to the same quarter a year ago.

Revenue growth will slow and the company will face anti-trust concerns in addition to stiff competition, but its earnings per share are still predictable to more than double over the next five years, according to the newspaper. Equities analysts forecast that Tower Semiconductor Ltd. will post $2.03 EPS for the current year. "Decreases Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)" was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another publication, it was illegally copied and republished in violation of USA & global trademark & copyright law. The legal version of this piece of content can be read at

Several hedge funds have recently made changes to their positions in the stock. Finally, JPMorgan Chase & Co. raised its stake in Tower Semiconductor by 319.3% in the first quarter. The stock had a trading volume of 154,763 shares. The Mckinley Capital Management Inc holds 242,185 shares with $4.61M value, down from 500,084 last quarter. JPMorgan Chase & Co. now owns 10,194 shares of the semiconductor company's stock worth $235,000 after buying an additional 7,763 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Tower Semiconductor by 37.9% in the first quarter. Hodges Capital Management Inc. now owns 1,151,975 shares of the semiconductor company's stock worth $26,553,000 after buying an additional 855,750 shares during the period.

Mckinley Capital Management Inc increased Enzo Biochem Inc (NYSE:ENZ) stake by 102,373 shares to 325,362 valued at $2.26 million in 2016Q4. Finally, Renaissance Technologies LLC boosted its stake in shares of Tower Semiconductor by 27.6% in the first quarter.

For the next 5 years, Tower Semiconductor expecting Growth of 15% per annum, whereas in the past 5 years the growth was -10.54% per annum.

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