Harvest Fund Management Co. Ltd Buys 8,934 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Harvest Fund Management Co. Ltd increased its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 2,421.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,303 shares of the semiconductor company's stock after buying an additional 8,934 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Tower Semiconductor were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSEM. Thrivent Financial for Lutherans raised its position in Tower Semiconductor by 12.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 12,820 shares of the semiconductor company's stock valued at $567,000 after purchasing an additional 1,451 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Tower Semiconductor by 0.3% during the third quarter. King Luther Capital Management Corp now owns 225,107 shares of the semiconductor company's stock valued at $9,963,000 after buying an additional 695 shares during the period. Senvest Management LLC raised its holdings in shares of Tower Semiconductor by 1.7% during the third quarter. Senvest Management LLC now owns 8,320,433 shares of the semiconductor company's stock valued at $368,262,000 after acquiring an additional 138,807 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Tower Semiconductor by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,189 shares of the semiconductor company's stock valued at $4,346,000 after acquiring an additional 1,645 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC lifted its stake in Tower Semiconductor by 1,146.9% in the third quarter. Summit Partners Public Asset Management LLC now owns 1,496,315 shares of the semiconductor company's stock worth $66,227,000 after acquiring an additional 1,376,315 shares during the period. 70.51% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on TSEM shares. Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reissued a "buy" rating and issued a $60.00 price target 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.00.

Tower Semiconductor Stock Down 3.1 %

Tower Semiconductor stock traded down $1.20 on Wednesday, hitting $37.67. 258,491 shares of the stock traded hands, compared to its average volume of 534,407. Tower Semiconductor Ltd. has a 1 year low of $30.74 and a 1 year high of $55.31. The firm has a market cap of $4.17 billion, a P/E ratio of 20.25 and a beta of 0.87. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. The business's fifty day simple moving average is $45.09 and its 200 day simple moving average is $46.07.

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.