Fox Run Management L.L.C. Purchases New Position in Tower Semiconductor Ltd. $TSEM

Fox Run Management L.L.C. purchased a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEMFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,192 shares of the semiconductor company’s stock, valued at approximately $1,314,000.

Other institutional investors have also bought and sold shares of the company. USA Financial Formulas acquired a new stake in Tower Semiconductor in the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC boosted its stake in Tower Semiconductor by 254.2% in the 3rd 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 in the last quarter. Advisory Services Network LLC acquired a new stake in Tower Semiconductor in the 3rd quarter valued at $48,000. SBI Securities Co. Ltd. boosted its stake in Tower Semiconductor by 344.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 520 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 403 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Tower Semiconductor in the 4th quarter valued at $68,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Tower Semiconductor stock opened at $228.08 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.92 and a current ratio of 5.63. The firm has a market cap of $25.65 billion, a P/E ratio of 106.08 and a beta of 0.87. The business’s fifty day moving average is $229.24 and its two-hundred day moving average is $162.93. Tower Semiconductor Ltd. has a 52 week low of $37.48 and a 52 week high of $302.86.

Tower Semiconductor (NASDAQ:TSEMGet Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. Tower Semiconductor had a return on equity of 8.54% and a net margin of 15.13%.The business had revenue of $413.63 million for the quarter, compared to analyst estimates of $410.72 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities research analysts forecast that Tower Semiconductor Ltd. will post 2.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSEM has been the topic of several recent analyst reports. Wedbush boosted their price target on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Benchmark boosted their price target on Tower Semiconductor from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Barclays boosted their price objective on Tower Semiconductor from $114.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Susquehanna boosted their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $276.75.

Check Out Our Latest Report on Tower Semiconductor

Tower Semiconductor Company Profile

(Free Report)

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.

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Institutional Ownership by Quarter for Tower Semiconductor (NASDAQ:TSEM)

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