Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,037 shares of the semiconductor company’s stock after buying an additional 230 shares during the quarter. Blue Trust Inc.’s holdings in Tower Semiconductor were worth $105,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Senvest Management LLC increased its position in shares of Tower Semiconductor by 1.7% in the 3rd quarter. Senvest Management LLC now owns 8,320,433 shares of the semiconductor company’s stock worth $368,262,000 after purchasing an additional 138,807 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Tower Semiconductor by 1.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,297,806 shares of the semiconductor company’s stock worth $145,961,000 after purchasing an additional 50,000 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Tower Semiconductor by 203.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 3,105,383 shares of the semiconductor company’s stock worth $137,444,000 after purchasing an additional 2,083,262 shares during the last quarter. Jennison Associates LLC increased its position in shares of Tower Semiconductor by 1.5% in the 3rd quarter. Jennison Associates LLC now owns 2,790,991 shares of the semiconductor company’s stock worth $123,529,000 after purchasing an additional 40,038 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its position in shares of Tower Semiconductor by 5.1% in the 3rd quarter. Meitav Investment House Ltd. now owns 2,555,530 shares of the semiconductor company’s stock worth $113,220,000 after purchasing an additional 123,713 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Shares of NASDAQ:TSEM opened at $45.14 on Friday. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a fifty-two week low of $30.48 and a fifty-two week high of $55.31. The firm has a 50-day simple moving average of $50.27 and a 200 day simple moving average of $46.10. The company has a market cap of $5.00 billion, a PE ratio of 24.27 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TSEM shares. StockNews.com downgraded shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Craig Hallum boosted their target price on shares of Tower Semiconductor from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Susquehanna boosted their price objective on shares of Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective 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 given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.