EAM Investors LLC Takes Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

EAM Investors LLC bought a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 23,377 shares of the semiconductor company's stock, valued at approximately $1,204,000.

A number of other large investors have also added to or reduced their stakes in TSEM. Vanguard Group Inc. grew its position in shares of Tower Semiconductor by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company's stock worth $205,954,000 after buying an additional 42,969 shares during the last quarter. Invesco Ltd. grew its holdings in Tower Semiconductor by 251.9% in the fourth quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company's stock worth $90,721,000 after purchasing an additional 1,260,683 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its position in shares of Tower Semiconductor by 16.4% during the fourth 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 in the last quarter. William Blair Investment Management LLC lifted its holdings 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 during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in shares of Tower Semiconductor by 27.5% in the 4th quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company's stock worth $44,883,000 after purchasing an additional 187,103 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Tower Semiconductor Price Performance

NASDAQ TSEM traded down $0.01 during trading hours on Tuesday, reaching $35.27. The company's stock had a trading volume of 126,409 shares, compared to its average volume of 559,832. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 18.98 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 company's 50-day moving average is $38.59 and its two-hundred day moving average is $44.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23.

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.