Tower Semiconductor Ltd. $TSEM Stock Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,338,080 shares of the semiconductor company’s stock after purchasing an additional 53,112 shares during the quarter. Vanguard Group Inc.’s holdings in Tower Semiconductor were worth $507,317,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Calamos Advisors LLC grew its position in shares of Tower Semiconductor by 156.0% in the 4th quarter. Calamos Advisors LLC now owns 24,743 shares of the semiconductor company’s stock worth $2,905,000 after acquiring an additional 15,079 shares in the last quarter. WT Asset Management Ltd acquired a new stake in shares of Tower Semiconductor during the 4th quarter valued at approximately $78,967,000. Rockingstone Advisors LLC bought a new position in Tower Semiconductor during the fourth quarter worth $5,296,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Tower Semiconductor by 0.8% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,002,806 shares of the semiconductor company’s stock worth $352,589,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Tower Semiconductor by 2.6% in the fourth quarter. Evergreen Capital Management LLC now owns 5,118 shares of the semiconductor company’s stock worth $601,000 after purchasing an additional 131 shares during the period. Institutional investors own 70.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Susquehanna reiterated a “positive” rating and set a $180.00 target price on shares of Tower Semiconductor in a research note on Thursday, February 12th. Barclays raised their price target on shares of Tower Semiconductor from $114.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Wedbush boosted their price objective on shares of Tower Semiconductor from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Finally, Benchmark increased their price objective on shares of Tower Semiconductor from $165.00 to $230.00 and gave the stock 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $173.00.

Tower Semiconductor Trading Up 4.9%

Shares of NASDAQ TSEM opened at $225.53 on Wednesday. Tower Semiconductor Ltd. has a 12-month low of $35.42 and a 12-month high of $228.99. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 116.86 and a beta of 0.85. The company has a current ratio of 6.48, a quick ratio of 5.51 and a debt-to-equity ratio of 0.05. The stock’s 50 day simple moving average is $171.17 and its 200 day simple moving average is $133.12.

Tower Semiconductor (NASDAQ:TSEM) last issued its earnings results on Wednesday, February 11th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.11. The firm had revenue of $440.21 million for the quarter, compared to analyst estimates of $439.81 million. Tower Semiconductor had a return on equity of 7.86% and a net margin of 14.08%.The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Equities research analysts expect that Tower Semiconductor Ltd. will post 2.64 EPS for the current year.

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.