Analog Century Management LP Sells 86,698 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Analog Century Management LP lowered its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 793,439 shares of the semiconductor company's stock after selling 86,698 shares during the quarter. Tower Semiconductor makes up about 2.7% of Analog Century Management LP's investment portfolio, making the stock its 22nd largest position. Analog Century Management LP owned approximately 0.72% of Tower Semiconductor worth $40,870,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Tower Semiconductor by 4,081.2% in the 3rd quarter. Barclays PLC now owns 23,958 shares of the semiconductor company's stock valued at $1,060,000 after purchasing an additional 23,385 shares during the period. Geode Capital Management LLC lifted its stake in Tower Semiconductor by 0.9% in the third quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company's stock valued at $4,154,000 after buying an additional 823 shares during the period. Tidal Investments LLC boosted its holdings in Tower Semiconductor by 4.6% during the third quarter. Tidal Investments LLC now owns 71,678 shares of the semiconductor company's stock worth $3,172,000 after buying an additional 3,168 shares during the last quarter. Oliver Luxxe Assets LLC grew its position in shares of Tower Semiconductor by 5.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 44,378 shares of the semiconductor company's stock worth $2,292,000 after buying an additional 2,322 shares during the period. Finally, Dakota Wealth Management bought a new stake in shares of Tower Semiconductor in the 4th quarter valued at about $920,000. Institutional investors own 70.51% of the company's stock.

Tower Semiconductor Stock Down 1.7 %

NASDAQ:TSEM traded down $0.63 on Monday, hitting $36.82. The stock had a trading volume of 332,369 shares, compared to its average volume of 563,713. The company has a market cap of $4.08 billion, a PE ratio of 19.80 and a beta of 0.84. Tower Semiconductor Ltd. has a 52 week low of $28.64 and a 52 week high of $55.31. The business's fifty day moving average is $37.67 and its 200 day moving average is $44.59. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSEM. Benchmark reissued a "buy" rating and set a $60.00 target price on shares of Tower Semiconductor in a report on Monday, April 7th. Wedbush reiterated an "outperform" rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.00.

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.