Blue Trust Inc. Has $136,000 Stake in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Blue Trust Inc. increased its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 45.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,633 shares of the semiconductor company’s stock after purchasing an additional 826 shares during the period. Blue Trust Inc.’s holdings in Tower Semiconductor were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in shares of Tower Semiconductor by 26.9% during the fourth quarter. Fifth Third Bancorp now owns 8,376 shares of the semiconductor company’s stock worth $431,000 after buying an additional 1,773 shares during the period. DGS Capital Management LLC boosted its position in Tower Semiconductor by 30.0% during the 4th quarter. DGS Capital Management LLC now owns 19,297 shares of the semiconductor company’s stock worth $994,000 after acquiring an additional 4,453 shares during the last quarter. Dakota Wealth Management acquired a new position in Tower Semiconductor during the 4th quarter worth approximately $920,000. Oliver Luxxe Assets LLC grew its stake in shares of Tower Semiconductor by 5.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 44,378 shares of the semiconductor company’s stock worth $2,292,000 after acquiring an additional 2,322 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Tower Semiconductor by 4.6% in the third quarter. Tidal Investments LLC now owns 71,678 shares of the semiconductor company’s stock valued at $3,172,000 after purchasing an additional 3,168 shares during the last quarter. Institutional investors own 70.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TSEM. Craig Hallum increased their target price on shares of Tower Semiconductor from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna increased their price objective on shares of Tower Semiconductor from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Tower Semiconductor in a research report on Thursday, November 14th. StockNews.com cut Tower Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Tower Semiconductor has an average rating of “Moderate Buy” and an average price target of $58.75.

Tower Semiconductor Stock Up 1.0 %

Shares of TSEM stock opened at $50.22 on Thursday. Tower Semiconductor Ltd. has a 52-week low of $28.11 and a 52-week high of $55.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.89 and a current ratio of 5.82. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 27.15 and a beta of 0.88. The firm’s 50-day moving average is $50.62 and its 200-day moving average is $45.55.

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

Tower Semiconductor Company 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.