State of Wyoming lowered its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) by 22.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,175 shares of the semiconductor company’s stock after selling 2,879 shares during the period. State of Wyoming’s holdings in Tower Semiconductor were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in TSEM. Y.D. More Investments Ltd boosted its position in shares of Tower Semiconductor by 4.6% in the fourth quarter. Y.D. More Investments Ltd now owns 1,009,846 shares of the semiconductor company’s stock valued at $118,084,000 after acquiring an additional 44,401 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Tower Semiconductor by 0.8% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,002,806 shares of the semiconductor company’s stock worth $352,589,000 after acquiring an additional 25,000 shares during the period. Rockingstone Advisors LLC bought a new position in Tower Semiconductor during the fourth quarter worth about $5,296,000. GF Fund Management CO. LTD. raised its stake in Tower Semiconductor by 26,835.5% in the 4th quarter. GF Fund Management CO. LTD. now owns 308,412 shares of the semiconductor company’s stock worth $36,214,000 after purchasing an additional 307,267 shares in the last quarter. Finally, WT Asset Management Ltd acquired a new stake in Tower Semiconductor in the 4th quarter worth about $78,967,000. 70.51% of the stock is currently owned by institutional investors.
Tower Semiconductor Trading Down 0.5%
TSEM opened at $249.53 on Thursday. The stock has a market capitalization of $28.06 billion, a price-to-earnings ratio of 116.06 and a beta of 0.87. The company has a quick ratio of 4.92, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. Tower Semiconductor Ltd. has a twelve month low of $43.12 and a twelve month high of $319.94. The company has a 50-day simple moving average of $256.02 and a 200 day simple moving average of $192.71.
Analyst Ratings Changes
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Tower Semiconductor 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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