Y.D. More Investments Ltd lowered its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 930,690 shares of the semiconductor company’s stock after selling 79,156 shares during the period. Tower Semiconductor makes up approximately 6.1% of Y.D. More Investments Ltd’s portfolio, making the stock its 4th biggest holding. Y.D. More Investments Ltd’s holdings in Tower Semiconductor were worth $158,464,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of Tower Semiconductor during the 4th quarter worth $27,000. Hanson & Doremus Investment Management acquired a new position in Tower Semiconductor in the first quarter valued at $53,000. CIBC Private Wealth Group LLC boosted its holdings in 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 acquiring an additional 300 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Tower Semiconductor during the fourth quarter valued at about $52,000. Finally, SBI Securities Co. Ltd. grew its position in Tower Semiconductor by 344.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 520 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 403 shares during the period. 70.51% of the stock is owned by hedge funds and other institutional investors.
Tower Semiconductor Stock Performance
TSEM opened at $222.75 on Monday. The firm’s 50 day moving average is $253.40 and its 200-day moving average is $185.87. Tower Semiconductor Ltd. has a 52-week low of $43.12 and a 52-week high of $319.94. The company has a quick ratio of 4.92, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $25.05 billion, a P/E ratio of 103.60 and a beta of 0.87.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on TSEM
Tower Semiconductor Company Profile
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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