Barrow Hanley Mewhinney & Strauss LLC Grows Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,958,981 shares of the semiconductor company’s stock after purchasing an additional 20,347 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Tower Semiconductor were worth $77,008,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in Tower Semiconductor by 34.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,615 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 413 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of Tower Semiconductor during the 1st quarter valued at $164,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Tower Semiconductor during the 2nd quarter worth about $177,000. ProShare Advisors LLC purchased a new stake in Tower Semiconductor during the 1st quarter worth about $243,000. Finally, Lester Murray Antman dba SimplyRich bought a new position in Tower Semiconductor in the 1st quarter worth about $342,000. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSEM has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Tower Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday, July 19th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Tower Semiconductor in a report on Monday, September 9th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $51.33.

Tower Semiconductor Trading Up 1.7 %

Shares of TSEM opened at $42.31 on Friday. Tower Semiconductor Ltd. has a 1-year low of $21.43 and a 1-year high of $44.58. The company has a market capitalization of $4.62 billion, a P/E ratio of 9.59 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.90 and a quick ratio of 4.94. The firm’s 50 day simple moving average is $40.85 and its 200 day simple moving average is $37.38.

Tower Semiconductor (NASDAQ:TSEM) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The company had revenue of $351.18 million during the quarter, compared to the consensus estimate of $350.00 million. Tower Semiconductor had a net margin of 35.58% and a return on equity of 8.33%. Sell-side analysts forecast that Tower Semiconductor Ltd. will post 1.82 earnings per share for the current fiscal year.

About Tower Semiconductor

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.