Tower Semiconductor Ltd. $TSEM Shares Purchased by Yahav Achim Ve Achayot Provident Funds Management Co Ltd.

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. raised its position in Tower Semiconductor Ltd. (NASDAQ:TSEMFree Report) by 132.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,858 shares of the semiconductor company’s stock after acquiring an additional 15,858 shares during the quarter. Tower Semiconductor comprises approximately 7.5% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings, making the stock its 4th largest position. Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings in Tower Semiconductor were worth $3,271,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSEM. Amundi grew its position in Tower Semiconductor by 86.8% in the 1st quarter. Amundi now owns 21,617 shares of the semiconductor company’s stock valued at $771,000 after acquiring an additional 10,042 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Tower Semiconductor by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,633 shares of the semiconductor company’s stock valued at $3,553,000 after acquiring an additional 3,954 shares in the last quarter. Geode Capital Management LLC grew its position in Tower Semiconductor by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 95,384 shares of the semiconductor company’s stock valued at $4,135,000 after acquiring an additional 662 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Tower Semiconductor in the 2nd quarter valued at about $438,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Tower Semiconductor in the 2nd quarter valued at about $5,809,000. 70.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Susquehanna lifted their target price on Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a research report on Thursday, May 14th. Barclays lifted their target price on Tower Semiconductor from $114.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Wedbush boosted their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Benchmark boosted their price objective on Tower Semiconductor from $230.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $276.75.

Check Out Our Latest Report on TSEM

Tower Semiconductor Stock Performance

Shares of Tower Semiconductor stock opened at $258.34 on Friday. Tower Semiconductor Ltd. has a one year low of $37.48 and a one year high of $302.86. The company has a market cap of $29.05 billion, a PE ratio of 120.16 and a beta of 0.87. 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 business has a 50-day simple moving average of $232.40 and a 200-day simple moving average of $165.09.

Tower Semiconductor (NASDAQ:TSEMGet Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $410.72 million. During the same period in the previous year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts forecast that Tower Semiconductor Ltd. will post 2.84 EPS for the current fiscal year.

About Tower Semiconductor

(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.

See Also

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

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