Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,993,287 shares of the semiconductor company's stock after buying an additional 42,969 shares during the period. Vanguard Group Inc. owned approximately 3.60% of Tower Semiconductor worth $205,954,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TSEM. Fox Run Management L.L.C. boosted its holdings in Tower Semiconductor by 50.3% in 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 during the period. American Century Companies Inc. acquired a new stake in Tower Semiconductor in the 4th quarter valued at about $20,015,000. Harvest Fund Management Co. Ltd boosted its stake in shares of 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 valued at $479,000 after buying an additional 8,934 shares during the period. William Blair Investment Management LLC grew its position in shares of Tower Semiconductor by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,037,788 shares of the semiconductor company's stock worth $53,456,000 after buying an additional 25,247 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Tower Semiconductor by 3.6% during the fourth quarter. King Luther Capital Management Corp now owns 233,218 shares of the semiconductor company's stock worth $12,013,000 after buying an additional 8,111 shares during the period. Institutional investors and hedge funds own 70.51% of the company's stock.

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Tower Semiconductor Stock Down 4.6 %

TSEM stock traded down $1.61 during trading on Thursday, hitting $33.69. 828,894 shares of the company's stock were exchanged, compared to its average volume of 559,051. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 18.11 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. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $40.45 and a two-hundred day moving average price of $45.27.

Analyst Ratings Changes

A number of brokerages recently issued reports on TSEM. Wedbush reiterated an "outperform" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark restated a "buy" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a report on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently 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.