Hood River Capital Management LLC purchased a new stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,293 shares of the semiconductor company's stock, valued at approximately $479,000.
A number of other hedge funds also recently made changes to their positions in the business. R Squared Ltd bought a new stake in Tower Semiconductor during the fourth quarter worth approximately $61,000. Blue Trust Inc. raised its holdings in Tower Semiconductor by 12.7% during the fourth quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company's stock worth $105,000 after purchasing an additional 230 shares in the last quarter. Crews Bank & Trust bought a new stake in Tower Semiconductor during the fourth quarter worth approximately $134,000. Cornerstone Investment Partners LLC bought a new position in shares of Tower Semiconductor in the fourth quarter valued at $203,000. Finally, Callan Family Office LLC bought a new position in shares of Tower Semiconductor in the fourth quarter valued at $323,000. Institutional investors own 70.51% of the company's stock.
Tower Semiconductor Stock Down 1.7 %
NASDAQ:TSEM traded down $0.63 during trading hours on Monday, hitting $36.82. 332,369 shares of the stock traded hands, compared to its average volume of 563,713. The firm has a 50 day moving average price of $37.67 and a 200 day moving average price of $44.59. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 19.80 and a beta of 0.84.
Analyst Upgrades and Downgrades
Several research firms have issued reports on TSEM. 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 reaffirmed 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 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 target price of $60.00.
Read Our Latest Analysis on Tower Semiconductor
About Tower Semiconductor
(
Free Report)
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.
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