Trexquant Investment LP Makes New $2.91 Million Investment in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Trexquant Investment LP acquired a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 56,580 shares of the semiconductor company's stock, valued at approximately $2,914,000. Trexquant Investment LP owned about 0.05% of Tower Semiconductor at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in Tower Semiconductor during the fourth quarter worth approximately $61,000. Blue Trust Inc. boosted its stake in shares of Tower Semiconductor by 12.7% during the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company's stock worth $105,000 after acquiring an additional 230 shares during the period. Crews Bank & Trust acquired a new position in shares of Tower Semiconductor during the 4th quarter worth approximately $134,000. Cornerstone Investment Partners LLC bought a new stake in Tower Semiconductor in the 4th quarter valued at $203,000. Finally, Callan Family Office LLC bought a new stake in Tower Semiconductor in the 4th quarter valued at $323,000. 70.51% of the stock is owned by institutional investors.

Tower Semiconductor Stock Performance

Shares of TSEM traded up $0.23 during midday trading on Friday, reaching $33.92. 483,979 shares of the stock were exchanged, compared to its average volume of 558,857. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05. The stock's 50 day simple moving average is $40.13 and its 200 day simple moving average is $45.20. Tower Semiconductor Ltd. has a twelve month low of $28.64 and a twelve month high of $55.31. The company has a market cap of $3.76 billion, a P/E ratio of 18.24 and a beta of 0.84.

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Analyst Ratings Changes

TSEM has been the topic of several research reports. Wedbush reiterated an "outperform" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Tower Semiconductor Profile

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.