Y.D. More Investments Ltd Acquires 44,401 Shares of Tower Semiconductor Ltd. $TSEM

Y.D. More Investments Ltd lifted its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,009,846 shares of the semiconductor company’s stock after buying an additional 44,401 shares during the period. Tower Semiconductor comprises 5.5% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 3rd biggest holding. Y.D. More Investments Ltd’s holdings in Tower Semiconductor were worth $118,084,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in Tower Semiconductor in the fourth quarter worth $27,000. CIBC Private Wealth Group LLC boosted its position in shares of Tower Semiconductor by 254.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 418 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Tower Semiconductor by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 452 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 226 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of Tower Semiconductor during the 4th quarter worth $68,000. Finally, Advisory Services Network LLC purchased a new position in shares of Tower Semiconductor in the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Tower Semiconductor stock opened at $197.80 on Monday. Tower Semiconductor Ltd. has a 52 week low of $28.64 and a 52 week high of $198.94. The company has a quick ratio of 5.51, a current ratio of 6.48 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $140.91 and its 200 day simple moving average is $113.88. The firm has a market capitalization of $22.24 billion, a PE ratio of 102.49 and a beta of 0.71.

Tower Semiconductor (NASDAQ:TSEM) last posted its earnings results on Wednesday, February 11th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.11. The firm had revenue of $440.21 million during the quarter, compared to the consensus estimate of $439.81 million. Tower Semiconductor had a net margin of 14.08% and a return on equity of 7.86%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. On average, equities research analysts predict that Tower Semiconductor Ltd. will post 1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wedbush boosted their price objective on shares of Tower Semiconductor from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Barclays increased their target price on shares of Tower Semiconductor from $114.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Susquehanna reissued a “positive” rating and set a $180.00 price target on shares of Tower Semiconductor in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Tower Semiconductor in a report on Monday, December 29th. Finally, Benchmark raised their price objective on Tower Semiconductor from $165.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tower Semiconductor has a consensus rating of “Hold” and a consensus target price of $173.00.

Tower Semiconductor Company Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.