<div id="readability-page-1"><p>Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) shot up 6.4% during mid-day trading on Tuesday . The company traded as high as $118.47 and last traded at $119.0080. 512,890 shares were traded  during mid-day trading, a decline of 47% from the average session volume of 968,337 shares. The stock had previously closed at $111.86.</p><div><p><span></span><span>Get <strong>Tower Semiconductor</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><ul><li>4 deep values for opportunistic investing</li></ul><p>Several brokerages recently issued reports on TSEM. Benchmark raised their target price on shares of Tower Semiconductor from $73.00 to $120.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, November 11th. Wedbush raised their price objective on Tower Semiconductor from $85.00 to $125.00 and gave the company an &#34;outperform&#34; rating in a research report on Tuesday, November 11th. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Tower Semiconductor in a report on Tuesday, November 25th. Barclays raised their price target on Tower Semiconductor from $74.00 to $97.00 and gave the company an &#34;equal weight&#34; rating in a report on Tuesday, November 11th. Finally, Susquehanna lifted their price objective on shares of Tower Semiconductor from $100.00 to $135.00 and gave the stock a &#34;positive&#34; rating in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company's stock. According to data from MarketBeat.com, Tower Semiconductor  has an average rating of &#34;Moderate Buy&#34; and an average target price of $119.25.</p><p><b>Check Out Our Latest Analysis on TSEM</b></p><h2>Tower Semiconductor Stock Performance</h2><ul><li>Left for dead, Tower Semiconductor is a phoenix rising </li></ul><p>The company has a market cap of $13.01 billion, a P/E ratio of 67.37 and a beta of 0.94. The stock has a 50 day moving average price of $83.63 and a two-hundred day moving average price of $61.11. The company has a quick ratio of 5.50, a current ratio of 6.57 and a debt-to-equity ratio of 0.05. </p><p>Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings results on Monday, November 10th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $395.67 million during the quarter, compared to the consensus estimate of $394.98 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS.  On average, research analysts predict that  Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year. </p><h2>Hedge Funds Weigh In On Tower Semiconductor</h2><ul><li>3 Industries Leading the Stock Market Rebound</li></ul><p>A number of hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its holdings in  Tower Semiconductor by 2.6% in the 3rd quarter. Mackenzie Financial Corp now owns 5,053 shares of the semiconductor company's stock valued at $359,000 after purchasing an additional 127 shares during the period.  Mariner LLC increased its holdings in shares of  Tower Semiconductor by 2.4% during the third quarter. Mariner LLC now owns 8,815 shares of the semiconductor company's stock worth $637,000 after purchasing an additional 207 shares during the period.  Westside Investment Management Inc. raised its position in shares of  Tower Semiconductor by 100.0% in the third quarter. Westside Investment Management Inc. now owns 452 shares of the semiconductor company's stock valued at $34,000 after buying an additional 226 shares in the last quarter.  Blue Trust Inc. boosted its stake in shares of  Tower Semiconductor by 14.8% in the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company's stock valued at $76,000 after buying an additional 227 shares during the period.  Finally, CIBC Private Wealth Group LLC boosted its stake in shares of  Tower Semiconductor by 254.2% in the third quarter. CIBC Private Wealth Group LLC now owns 418 shares of the semiconductor company's stock valued at $30,000 after buying an additional 300 shares during the period. 70.51% of the stock is owned by institutional investors. </p><h2>About Tower Semiconductor</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Tower Semiconductor</li><li>ETF Screener: Uses and Step-by-Step Guide </li><li>Here's Who Wins If Trump's 50-Year Mortgages Come to Market</li><li>How to Short a Stock in 5 Easy Steps </li><li>NVIDIA’s $2B Power Play: Securing the Future of Chip Design</li><li>3 Stocks to Protect Your Portfolio from the Coronavirus Contagion </li><li>Insiders Swarm Vertical Aerospace Stock Ahead of Make-or-Break Reveal</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tower Semiconductor Right Now?</h2><p>Before you consider Tower Semiconductor, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tower Semiconductor wasn't on the list.</p><p>While Tower Semiconductor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

TSEM

<p>Shares of Tower Semiconductor (NASDAQ:TSEM) rose 6.4% during mid-day trading on Tuesday, reaching $119.0080. The stock saw a decline in trading volume by 47%. Several brokerages raised their target prices for TSEM, with Benchmark setting it at $120.00 and Wedbush at $125.00. The company reported quarterly earnings of $0.55 per share, meeting estimates, with revenue of $395.67 million. Hedge funds have been adjusting their positions in the company. Tower Semiconductor focuses on specialty process technologies for semiconductor devices.</p>

Tower Semiconductor (NASDAQ:TSEM) Trading 6.4% Higher - Here's What Happened