Amundi Has $598,000 Stock Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Amundi increased its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 86.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,575 shares of the semiconductor company’s stock after purchasing an additional 5,361 shares during the quarter. Amundi’s holdings in Tower Semiconductor were worth $598,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Tower Semiconductor in the 4th quarter valued at about $61,000. Blue Trust Inc. raised its holdings in Tower Semiconductor by 12.7% during the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock worth $105,000 after buying an additional 230 shares during the period. Crews Bank & Trust acquired a new stake in Tower Semiconductor during the 4th quarter worth approximately $134,000. Cornerstone Investment Partners LLC acquired a new stake in Tower Semiconductor during the 4th quarter worth approximately $203,000. Finally, Callan Family Office LLC acquired a new stake in shares of Tower Semiconductor in the fourth quarter valued at approximately $323,000. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Stock Down 0.5 %

Shares of NASDAQ TSEM opened at $38.65 on Friday. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 20.78 and a beta of 0.87. Tower Semiconductor Ltd. has a 12 month low of $30.74 and a 12 month high of $55.31. The stock has a 50-day moving average price of $45.81 and a two-hundred day moving average price of $46.07.

Analyst Ratings Changes

A number of brokerages recently weighed in on TSEM. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Tower Semiconductor in a report on Tuesday, February 11th. Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tower Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Tower Semiconductor Profile

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.