Boston Partners Trims Stake in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Boston Partners lessened its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490,254 shares of the semiconductor company's stock after selling 48,822 shares during the quarter. Boston Partners owned 0.44% of Tower Semiconductor worth $25,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. William Blair Investment Management LLC grew its stake in shares of Tower Semiconductor by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,037,788 shares of the semiconductor company's stock valued at $53,456,000 after buying an additional 25,247 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in Tower Semiconductor by 3.6% during the 4th quarter. King Luther Capital Management Corp now owns 233,218 shares of the semiconductor company's stock valued at $12,013,000 after acquiring an additional 8,111 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tower Semiconductor by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,593 shares of the semiconductor company's stock worth $1,421,000 after acquiring an additional 1,306 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Tower Semiconductor by 2.1% in the 4th quarter. Essex Investment Management Co. LLC now owns 183,392 shares of the semiconductor company's stock worth $9,447,000 after purchasing an additional 3,813 shares during the period. Finally, Amundi lifted its position in Tower Semiconductor by 86.3% in the fourth quarter. Amundi now owns 11,575 shares of the semiconductor company's stock valued at $598,000 after purchasing an additional 5,361 shares during the last quarter. Hedge funds and other institutional investors own 70.51% of the company's stock.

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Tower Semiconductor Stock Up 2.6 %

Shares of TSEM stock traded up $1.00 during trading hours on Monday, hitting $39.25. 464,070 shares of the company's stock traded hands, compared to its average volume of 535,837. 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 fifty day simple moving average is $45.56 and its two-hundred day simple moving average is $46.09. Tower Semiconductor Ltd. has a 12-month low of $30.74 and a 12-month high of $55.31. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 21.10 and a beta of 0.87.

Analyst Ratings Changes

TSEM has been the topic of several analyst reports. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of Tower Semiconductor in a 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.