Janus Henderson Group PLC Lowers Stake in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Janus Henderson Group PLC lowered its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 29.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 361,280 shares of the semiconductor company’s stock after selling 151,824 shares during the period. Janus Henderson Group PLC owned 0.33% of Tower Semiconductor worth $18,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TSEM. R Squared Ltd purchased a new stake in Tower Semiconductor during the fourth quarter worth $61,000. Blue Trust Inc. lifted its holdings in Tower Semiconductor by 12.7% during the fourth quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock worth $105,000 after buying an additional 230 shares during the period. Crews Bank & Trust purchased a new stake in Tower Semiconductor during the fourth quarter worth $134,000. Caption Management LLC purchased a new stake in Tower Semiconductor during the fourth quarter worth $155,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Tower Semiconductor during the fourth quarter worth $203,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Tower Semiconductor in a report on Thursday. Wedbush reiterated an “outperform” rating and set a $60.00 price objective on shares of Tower Semiconductor in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Tower Semiconductor Stock Performance

Shares of TSEM opened at $42.06 on Friday. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $55.31. The stock has a fifty day moving average price of $36.40 and a 200-day moving average price of $43.93. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.66 billion, a PE ratio of 22.61 and a beta of 0.75.

Tower Semiconductor (NASDAQ:TSEM) last issued its quarterly earnings data on Wednesday, May 14th. The semiconductor company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The business had revenue of $358.17 million for the quarter, compared to analysts’ expectations of $358.09 million. Tower Semiconductor had a net margin of 14.47% and a return on equity of 8.11%. Equities research analysts predict that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.

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.