EAM Global Investors LLC Purchases New Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

EAM Global Investors LLC bought a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 56,252 shares of the semiconductor company's stock, valued at approximately $2,898,000. EAM Global Investors LLC owned 0.05% of Tower Semiconductor as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Tower Semiconductor by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company's stock valued at $205,954,000 after buying an additional 42,969 shares during the period. Invesco Ltd. grew its stake in shares of Tower Semiconductor by 251.9% during the 4th quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company's stock worth $90,721,000 after acquiring an additional 1,260,683 shares during the period. Menora Mivtachim Holdings LTD. boosted its stake in Tower Semiconductor by 16.4% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,345,507 shares of the semiconductor company's stock worth $69,307,000 after purchasing an additional 189,738 shares during the period. William Blair Investment Management LLC grew its position in shares of Tower Semiconductor by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,037,788 shares of the semiconductor company's stock valued at $53,456,000 after purchasing an additional 25,247 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in Tower Semiconductor by 27.5% during the fourth quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company's stock valued at $44,883,000 after purchasing an additional 187,103 shares during the last quarter. Institutional investors own 70.51% of the company's stock.

Wall Street Analysts Forecast Growth

TSEM has been the topic of several recent analyst reports. Wedbush restated an "outperform" rating and issued a $60.00 target price on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a research report on Monday, April 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Tower Semiconductor Price Performance

Tower Semiconductor stock traded down $0.81 during trading on Monday, reaching $34.66. The company had a trading volume of 139,776 shares, compared to its average volume of 559,541. The firm has a market capitalization of $3.84 billion, a PE ratio of 18.63 and a beta of 0.84. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $55.31. The firm's 50-day simple moving average is $38.80 and its 200 day simple moving average is $44.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18.

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.