Y.D. More Investments Ltd Increases Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Y.D. More Investments Ltd increased its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 866,539 shares of the semiconductor company's stock after acquiring an additional 187,103 shares during the period. Tower Semiconductor makes up about 4.0% of Y.D. More Investments Ltd's investment portfolio, making the stock its 5th largest position. Y.D. More Investments Ltd owned approximately 0.78% of Tower Semiconductor worth $44,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Crews Bank & Trust acquired a new stake in shares of Tower Semiconductor during the 4th quarter valued at $134,000. R Squared Ltd acquired a new stake in shares of Tower Semiconductor in the fourth quarter valued at about $61,000. Hunter Perkins Capital Management LLC increased its stake in shares of Tower Semiconductor by 3.9% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 21,655 shares of the semiconductor company's stock worth $1,115,000 after purchasing an additional 820 shares during the period. Blue Trust Inc. grew its stake in shares of Tower Semiconductor by 45.7% in the fourth quarter. Blue Trust Inc. now owns 2,633 shares of the semiconductor company's stock worth $136,000 after acquiring an additional 826 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Tower Semiconductor by 26.9% during the fourth quarter. Fifth Third Bancorp now owns 8,376 shares of the semiconductor company's stock valued at $431,000 after buying an additional 1,773 shares during the last quarter. 70.51% of the stock is currently owned by institutional investors.

Tower Semiconductor Trading Down 2.2 %

NASDAQ TSEM traded down $1.07 during trading on Friday, reaching $48.64. 1,104,595 shares of the stock traded hands, compared to its average volume of 799,221. The stock's 50-day moving average price is $50.76 and its 200 day moving average price is $45.66. The company has a quick ratio of 4.89, a current ratio of 5.82 and a debt-to-equity ratio of 0.05. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 26.29 and a beta of 0.88. Tower Semiconductor Ltd. has a fifty-two week low of $28.37 and a fifty-two week high of $55.31.

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

Analysts Set New Price Targets

A number of brokerages have commented on TSEM. Susquehanna raised their price target 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. Wedbush reiterated an "outperform" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research report on Monday, February 3rd. Craig Hallum boosted their target price on shares of Tower Semiconductor from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. StockNews.com cut shares of Tower Semiconductor from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.75.

About Tower Semiconductor

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.