Tower Semiconductor Ltd. (NASDAQ:TSEM) Position Increased by Signaturefd LLC

Signaturefd LLC raised its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 21.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,472 shares of the semiconductor company’s stock after purchasing an additional 431 shares during the period. Signaturefd LLC’s holdings in Tower Semiconductor were worth $109,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSEM. Vanguard Group Inc. increased its stake in Tower Semiconductor by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 3,726,278 shares of the semiconductor company’s stock valued at $113,726,000 after purchasing an additional 56,410 shares during the last quarter. Meitav Investment House Ltd. grew its position in shares of Tower Semiconductor by 32.1% during the first quarter. Meitav Investment House Ltd. now owns 1,936,437 shares of the semiconductor company’s stock worth $64,775,000 after acquiring an additional 470,537 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Tower Semiconductor during the first quarter worth about $1,754,000. Jennison Associates LLC grew its position in shares of Tower Semiconductor by 28.1% during the first quarter. Jennison Associates LLC now owns 2,650,283 shares of the semiconductor company’s stock worth $88,652,000 after acquiring an additional 580,610 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Tower Semiconductor during the first quarter worth about $548,000. Institutional investors own 70.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Tower Semiconductor in a research report on Monday, September 9th. StockNews.com lowered shares of Tower Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $51.33.

Tower Semiconductor Stock Performance

Shares of TSEM opened at $45.17 on Tuesday. The firm has a 50-day moving average price of $43.12 and a 200 day moving average price of $39.53. The firm has a market capitalization of $5.01 billion, a PE ratio of 10.24 and a beta of 0.90. The company has a quick ratio of 4.94, a current ratio of 5.90 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a 52-week low of $22.30 and a 52-week high of $46.53.

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.