ExodusPoint Capital Management LP bought a new position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 19,965 shares of the semiconductor company's stock, valued at approximately $1,028,000.
Several other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Tower Semiconductor in the fourth quarter worth approximately $61,000. Blue Trust Inc. grew its stake in Tower Semiconductor by 12.7% in the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company's stock worth $105,000 after buying an additional 230 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Tower Semiconductor in the 4th quarter worth $134,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Tower Semiconductor during the 4th quarter valued at $203,000. Finally, Callan Family Office LLC bought a new stake in shares of Tower Semiconductor during the 4th quarter worth $323,000. 70.51% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
TSEM has been the topic of a number of research analyst reports. Benchmark reissued a "buy" rating and issued a $60.00 target price on shares of Tower Semiconductor in a research note on Monday, April 7th. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $60.00.
Check Out Our Latest Analysis on Tower Semiconductor
Tower Semiconductor Trading Up 2.2 %
NASDAQ:TSEM traded up $0.74 during trading hours on Tuesday, reaching $35.08. The company's stock had a trading volume of 174,605 shares, compared to its average volume of 556,972. 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 firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 18.86 and a beta of 0.84. The firm has a 50-day simple moving average of $39.82 and a 200-day simple moving average of $45.15. Tower Semiconductor Ltd. has a 1 year low of $28.64 and a 1 year high of $55.31.
Tower Semiconductor Company Profile
(
Free Report)
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.
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