Tectonic Advisors LLC Sells 6,696 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Tectonic Advisors LLC lessened its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,431 shares of the semiconductor company's stock after selling 6,696 shares during the period. Tectonic Advisors LLC's holdings in Tower Semiconductor were worth $898,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of Tower Semiconductor in the third quarter worth $27,000. USA Financial Formulas acquired a new position in Tower Semiconductor during the 3rd quarter worth about $38,000. R Squared Ltd bought a new stake in shares of Tower Semiconductor in the 4th quarter valued at about $61,000. Blue Trust Inc. increased its stake in shares of Tower Semiconductor by 319.3% in the third quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company's stock valued at $80,000 after buying an additional 1,376 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Tower Semiconductor by 21.1% in the third quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company's stock valued at $109,000 after buying an additional 431 shares during the period. 70.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Craig Hallum upped their target price on Tower Semiconductor from $54.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Benchmark restated a "buy" rating and issued a $55.00 price target on shares of Tower Semiconductor in a research report on Thursday, November 14th. Susquehanna lifted their target price on shares of Tower Semiconductor from $55.00 to $60.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. StockNews.com lowered shares of Tower Semiconductor from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Wedbush reiterated an "outperform" rating and set a $60.00 price target on shares of Tower Semiconductor in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.75.

Tower Semiconductor Stock Down 2.2 %

NASDAQ:TSEM traded down $1.07 during trading hours on Friday, reaching $48.64. The company had a trading volume of 1,104,595 shares, compared to its average volume of 799,221. The business's 50-day simple moving average is $50.76 and its two-hundred day simple moving average is $45.69. Tower Semiconductor Ltd. has a twelve month low of $28.37 and a twelve month high of $55.31. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 26.29 and a beta of 0.88. The company has a quick ratio of 4.89, a current ratio of 5.82 and a debt-to-equity ratio of 0.05.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued its earnings results on Wednesday, November 13th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.12. The business had revenue of $370.50 million during the quarter, compared to analyst estimates of $370.30 million. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. On average, equities analysts expect that Tower Semiconductor Ltd. will post 1.81 earnings per share for the current year.

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.