Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Acquired by LMR Partners LLP

LMR Partners LLP lifted its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 477.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,289 shares of the semiconductor company’s stock after buying an additional 25,044 shares during the period. LMR Partners LLP’s holdings in Tower Semiconductor were worth $1,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Tower Semiconductor by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company’s stock valued at $205,954,000 after buying an additional 42,969 shares during the last quarter. Invesco Ltd. boosted its position in Tower Semiconductor by 251.9% in the 4th quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company’s stock valued at $90,721,000 after buying an additional 1,260,683 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its position in Tower Semiconductor by 16.4% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,345,507 shares of the semiconductor company’s stock valued at $69,307,000 after buying an additional 189,738 shares during the last quarter. William Blair Investment Management LLC boosted its position in Tower Semiconductor by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,037,788 shares of the semiconductor company’s stock valued at $53,456,000 after buying an additional 25,247 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in Tower Semiconductor by 27.5% in the 4th quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company’s stock valued at $44,883,000 after buying an additional 187,103 shares during the last quarter. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TSEM shares. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Tower Semiconductor in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Tower Semiconductor Price Performance

TSEM opened at $40.09 on Wednesday. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 21.55 and a beta of 0.75. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31. The company’s 50-day moving average price is $36.22 and its 200 day moving average price is $43.97. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05.

Tower Semiconductor Company Profile

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.