Barrow Hanley Mewhinney & Strauss LLC Sells 77,519 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Barrow Hanley Mewhinney & Strauss LLC reduced its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,871,023 shares of the semiconductor company's stock after selling 77,519 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.69% of Tower Semiconductor worth $96,376,000 at the end of the most recent quarter.

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

Tower Semiconductor Stock Up 2.3 %

NASDAQ:TSEM traded up $0.81 during trading hours on Tuesday, hitting $36.47. 446,138 shares of the company's stock traded hands, compared to its average volume of 543,225. Tower Semiconductor Ltd. has a twelve month low of $30.74 and a twelve month high of $55.31. The firm has a market cap of $4.04 billion, a P/E ratio of 19.61 and a beta of 0.87. 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 stock's fifty day moving average price is $43.84 and its two-hundred day moving average price is $45.92.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSEM. Wedbush reaffirmed an "outperform" rating and set a $60.00 target price on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reissued a "buy" rating and set a $60.00 target price on shares of Tower Semiconductor in a research note 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's stock. According to MarketBeat, Tower Semiconductor currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Tower Semiconductor Company 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.