Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM – Free 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
Check Out Our Latest Report on TSEM
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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