Calamos Wealth Management LLC Invests $6.34 Million in Tower Semiconductor Ltd. $TSEM

Calamos Wealth Management LLC bought a new stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) in the first quarter, Holdings Channel.com reports. The fund bought 36,114 shares of the semiconductor company’s stock, valued at approximately $6,337,000.

Other hedge funds have also recently made changes to their positions in the company. Amundi boosted its position in Tower Semiconductor by 86.8% in the 1st quarter. Amundi now owns 21,617 shares of the semiconductor company’s stock valued at $771,000 after buying an additional 10,042 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Tower Semiconductor by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,633 shares of the semiconductor company’s stock worth $3,553,000 after acquiring an additional 3,954 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Tower Semiconductor by 0.7% during the second quarter. Geode Capital Management LLC now owns 95,384 shares of the semiconductor company’s stock worth $4,135,000 after acquiring an additional 662 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Tower Semiconductor during the second quarter worth approximately $438,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Tower Semiconductor during the second quarter valued at approximately $5,809,000. 70.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wedbush boosted their price target on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Susquehanna raised their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a report on Thursday, May 14th. Finally, Benchmark lifted their target price on Tower Semiconductor from $230.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $276.75.

Tower Semiconductor Trading Up 3.1%

NASDAQ TSEM opened at $229.68 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.92 and a current ratio of 5.63. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 106.83 and a beta of 0.87. The company’s 50-day simple moving average is $253.57 and its two-hundred day simple moving average is $186.64. Tower Semiconductor Ltd. has a one year low of $43.12 and a one year high of $319.94.

About Tower Semiconductor

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.