Cambiar Investors LLC Sells 25,930 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Cambiar Investors LLC lessened its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,920 shares of the semiconductor company's stock after selling 25,930 shares during the quarter. Cambiar Investors LLC's holdings in Tower Semiconductor were worth $2,159,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TSEM. Transcendent Capital Group LLC acquired a new position in Tower Semiconductor in the 3rd quarter valued at $27,000. R Squared Ltd acquired a new position in Tower Semiconductor in the fourth quarter valued at about $61,000. Blue Trust Inc. raised its stake in Tower Semiconductor by 319.3% in the third quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company's stock valued at $80,000 after purchasing an additional 1,376 shares in the last quarter. Signaturefd LLC lifted its position in Tower Semiconductor by 21.1% during the third quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company's stock worth $109,000 after purchasing an additional 431 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Tower Semiconductor during the fourth quarter worth about $134,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TSEM shares. Susquehanna upped their price target on shares of Tower Semiconductor from $55.00 to $60.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Craig Hallum upped their target price on Tower Semiconductor from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. StockNews.com downgraded Tower Semiconductor from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Wedbush reissued an "outperform" rating and set a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday. Finally, Benchmark restated a "buy" rating and set a $60.00 price objective on shares of Tower Semiconductor in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Tower Semiconductor Price Performance

Tower Semiconductor stock traded down $0.25 during mid-day trading on Wednesday, reaching $45.53. The company had a trading volume of 1,222,326 shares, compared to its average volume of 878,144. The business has a fifty day simple moving average of $50.68 and a 200 day simple moving average of $45.77. The company has a market cap of $5.05 billion, a P/E ratio of 24.61 and a beta of 0.88. Tower Semiconductor Ltd. has a fifty-two week low of $28.37 and a fifty-two week high of $55.31. The company has a current ratio of 5.82, a quick ratio of 4.89 and a debt-to-equity ratio of 0.05.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.12. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. The company had revenue of $370.50 million for the quarter, compared to the consensus estimate of $370.30 million. During the same quarter last year, the business posted $0.47 EPS. Tower Semiconductor's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts predict that Tower Semiconductor Ltd. will post 1.81 earnings per share for the current year.

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.