Neumeier Poma Investment Counsel LLC Takes Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Neumeier Poma Investment Counsel 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 641,315 shares of the semiconductor company's stock, valued at approximately $33,034,000. Tower Semiconductor makes up approximately 3.2% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 9th biggest holding. Neumeier Poma Investment Counsel LLC owned 0.58% of Tower Semiconductor as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Tower Semiconductor by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company's stock valued at $205,954,000 after acquiring an additional 42,969 shares in the last quarter. Fox Run Management L.L.C. grew its position in Tower Semiconductor by 50.3% during the fourth quarter. Fox Run Management L.L.C. now owns 15,448 shares of the semiconductor company's stock valued at $796,000 after purchasing an additional 5,167 shares in the last quarter. American Century Companies Inc. acquired a new position in Tower Semiconductor in the 4th quarter valued at approximately $20,015,000. Harvest Fund Management Co. Ltd lifted its position in Tower Semiconductor by 2,421.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 9,303 shares of the semiconductor company's stock worth $479,000 after buying an additional 8,934 shares in the last quarter. Finally, William Blair Investment Management LLC grew 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 acquiring an additional 25,247 shares in the last quarter. 70.51% of the stock is owned by institutional investors and hedge funds.

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Tower Semiconductor Stock Performance

NASDAQ:TSEM traded down $1.30 during midday trading on Friday, reaching $35.43. The stock had a trading volume of 786,822 shares, compared to its average volume of 543,768. The stock has a market capitalization of $3.93 billion, a P/E ratio of 19.05 and a beta of 0.87. Tower Semiconductor Ltd. has a 1-year low of $30.74 and a 1-year high of $55.31. 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's fifty day simple moving average is $44.18 and its 200-day simple moving average is $45.94.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reiterated a "buy" rating and set 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

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.