Barclays PLC Has $1.06 Million Stock Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Barclays PLC lifted its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4,081.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,958 shares of the semiconductor company’s stock after purchasing an additional 23,385 shares during the quarter. Barclays PLC’s holdings in Tower Semiconductor were worth $1,060,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TSEM. Transcendent Capital Group LLC acquired a new position in Tower Semiconductor in the 3rd quarter worth approximately $27,000. USA Financial Formulas purchased a new stake in shares of Tower Semiconductor in the third quarter valued at $38,000. Blue Trust Inc. boosted its position in shares of Tower Semiconductor by 319.3% in the third quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company’s stock worth $80,000 after buying an additional 1,376 shares during the period. Signaturefd LLC grew its holdings in shares of Tower Semiconductor by 21.1% during the third quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 431 shares in the last quarter. Finally, Scientech Research LLC purchased a new position in shares of Tower Semiconductor during the second quarter valued at $200,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Trading Up 0.0 %

Tower Semiconductor stock opened at $52.08 on Tuesday. Tower Semiconductor Ltd. has a one year low of $28.02 and a one year high of $54.27. The company’s fifty day moving average price is $47.51 and its two-hundred day moving average price is $43.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.82 and a quick ratio of 4.89. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 28.15 and a beta of 0.92.

Tower Semiconductor (NASDAQ:TSEM) last issued its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. The business had revenue of $370.50 million for the quarter, compared to analyst estimates of $370.30 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts forecast that Tower Semiconductor Ltd. will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TSEM shares. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Tower Semiconductor in a research report on Thursday, November 14th. Craig Hallum increased their price objective on Tower Semiconductor from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna boosted their target price on Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, StockNews.com lowered Tower Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Tower Semiconductor has a consensus rating of “Moderate Buy” and a consensus price target of $58.33.

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.