Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Takes Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,000 shares of the semiconductor company's stock, valued at approximately $618,000. Tower Semiconductor comprises about 2.0% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in Tower Semiconductor by 13.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 64,577 shares of the semiconductor company's stock worth $3,327,000 after acquiring an additional 7,717 shares during the last quarter. Wells Fargo & Company MN raised its position in Tower Semiconductor by 42.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,079 shares of the semiconductor company's stock worth $416,000 after buying an additional 2,423 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Tower Semiconductor in the fourth quarter worth $1,028,000. Trexquant Investment LP purchased a new position in shares of Tower Semiconductor during the 4th quarter valued at about $2,914,000. Finally, Geode Capital Management LLC grew its holdings in Tower Semiconductor by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 94,666 shares of the semiconductor company's stock worth $4,876,000 after acquiring an additional 819 shares during the period. 70.51% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

TSEM has been the subject of several recent analyst reports. Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Monday. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.00.

Tower Semiconductor Price Performance

Shares of TSEM traded down $0.02 during trading hours on Friday, hitting $33.68. 120,081 shares of the stock were exchanged, compared to its average volume of 557,343. The stock's 50-day moving average price is $40.45 and its two-hundred day moving average price is $45.27. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $55.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 18.10 and a beta of 0.84.

About Tower Semiconductor

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.