Banque Cantonale Vaudoise Purchases New Shares in Tower Semiconductor Ltd. $TSEM

Banque Cantonale Vaudoise purchased a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEMFree Report) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,521 shares of the semiconductor company’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in Tower Semiconductor in the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC raised its position 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 purchasing an additional 300 shares during the last quarter. Westside Investment Management Inc. raised its position in Tower Semiconductor by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 452 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 226 shares during the last quarter. SBI Securities Co. Ltd. raised its position 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 purchasing an additional 403 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in Tower Semiconductor in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Stock Up 1.6%

Shares of Tower Semiconductor stock opened at $283.43 on Friday. The company has a market cap of $31.87 billion, a P/E ratio of 131.83 and a beta of 0.85. 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 $37.48 and a one year high of $288.19. The firm has a fifty day moving average of $203.98 and a two-hundred day moving average of $148.32.

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 net margin of 15.13% and a return on equity of 8.54%. The company had revenue of $413.63 million during the quarter, compared to the consensus estimate of $410.72 million. During the same quarter in the prior year, the firm earned $0.35 EPS. Tower Semiconductor’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts forecast that Tower Semiconductor Ltd. will post 2.64 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis 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.

Further Reading

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

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