BidaskClub downgraded shares of Tower Semiconductor (NASDAQ:TSEM) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

TSEM has been the topic of a number of other reports. Credit Suisse Group boosted their price objective on Tower Semiconductor from $19.00 to $21.00 and gave the company a neutral rating in a research note on Thursday, May 14th. Needham & Company LLC reiterated a buy rating and set a $27.00 price objective on shares of Tower Semiconductor in a research note on Wednesday, May 13th. Finally, Craig Hallum decreased their price objective on Tower Semiconductor from $26.00 to $25.00 and set a buy rating on the stock in a research note on Thursday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $24.33.

Shares of TSEM opened at $19.09 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.83 and a quick ratio of 3.11. Tower Semiconductor has a 1 year low of $12.13 and a 1 year high of $25.80. The firm has a market cap of $1.98 billion, a PE ratio of 25.12 and a beta of 1.42. The stock’s fifty day moving average price is $19.99 and its two-hundred day moving average price is $20.52.

Tower Semiconductor (NASDAQ:TSEM) last released its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Tower Semiconductor had a return on equity of 6.50% and a net margin of 6.61%. The company had revenue of $300.17 million for the quarter, compared to analyst estimates of $299.00 million. Sell-side analysts anticipate that Tower Semiconductor will post 0.85 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Tower Semiconductor by 5.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,922,286 shares of the semiconductor company’s stock worth $46,250,000 after buying an additional 97,300 shares in the last quarter. US Bancorp DE grew its position in Tower Semiconductor by 604.4% during the first quarter. US Bancorp DE now owns 24,120 shares of the semiconductor company’s stock worth $383,000 after buying an additional 20,696 shares in the last quarter. Norges Bank purchased a new position in Tower Semiconductor during the fourth quarter worth about $31,708,000. HighTower Advisors LLC grew its position in Tower Semiconductor by 9.8% during the first quarter. HighTower Advisors LLC now owns 210,473 shares of the semiconductor company’s stock worth $3,320,000 after buying an additional 18,815 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Tower Semiconductor in the 1st quarter worth about $2,036,000. Institutional investors and hedge funds own 53.83% of the company’s stock.

Tower Semiconductor Company Profile

Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.

Further Reading: How to track put option volume

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