Menora Mivtachim Holdings LTD. Acquires 189,738 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Menora Mivtachim Holdings LTD. boosted its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 16.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,345,507 shares of the semiconductor company's stock after buying an additional 189,738 shares during the quarter. Menora Mivtachim Holdings LTD. owned approximately 1.21% of Tower Semiconductor worth $69,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TSEM. Y.D. More Investments Ltd raised its stake in shares of 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 acquiring an additional 187,103 shares during the last quarter. Barclays PLC increased its holdings in Tower Semiconductor by 4,081.2% during the 3rd quarter. Barclays PLC now owns 23,958 shares of the semiconductor company's stock valued at $1,060,000 after purchasing an additional 23,385 shares during the period. Public Employees Retirement System of Ohio bought a new position in Tower Semiconductor during the 3rd quarter valued at approximately $1,979,000. Geode Capital Management LLC lifted its holdings in Tower Semiconductor by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company's stock worth $4,154,000 after buying an additional 823 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Tower Semiconductor by 292.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 29,230 shares of the semiconductor company's stock valued at $1,506,000 after buying an additional 21,773 shares during the period. Hedge funds and other institutional investors own 70.51% of the company's stock.

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Tower Semiconductor Stock Up 2.0 %

TSEM stock traded up $0.70 during midday trading on Tuesday, hitting $35.04. The stock had a trading volume of 364,295 shares, compared to its average volume of 557,648. The business has a 50-day moving average of $39.52 and a two-hundred day moving average of $45.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 18.84 and a beta of 0.84. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $55.31.

Analysts Set New Price Targets

A number of brokerages recently commented on TSEM. Benchmark reaffirmed a "buy" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Monday, April 7th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price 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 given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

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.