Healthcare of Ontario Pension Plan Trust Fund Acquires New Stake in Tower Semiconductor Ltd. $TSEM

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEMFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 73,900 shares of the semiconductor company’s stock, valued at approximately $12,968,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in Tower Semiconductor in the 4th quarter valued at about $27,000. Hanson & Doremus Investment Management acquired a new stake in shares of Tower Semiconductor during the first quarter worth about $53,000. 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 purchasing an additional 300 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Tower Semiconductor in the fourth quarter valued at approximately $52,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Tower Semiconductor by 344.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 520 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 403 shares in the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Tower Semiconductor Stock Performance

Shares of Tower Semiconductor stock opened at $224.21 on Tuesday. The business has a 50-day simple moving average of $254.32 and a 200-day simple moving average of $195.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.92 and a current ratio of 5.63. Tower Semiconductor Ltd. has a one year low of $43.12 and a one year high of $319.94. The company has a market cap of $25.21 billion, a PE ratio of 104.28 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wedbush upped their target price on shares of Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. UBS Group restated a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. Susquehanna upped their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research report on Thursday, May 14th. Finally, Benchmark reiterated a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $276.75.

Check Out Our Latest Report on TSEM

Tower Semiconductor 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.

Further Reading

Want to see what other hedge funds are holding TSEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tower Semiconductor Ltd. (NASDAQ:TSEMFree Report).

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

Receive News & Ratings for Tower Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.