Voya Investment Management LLC Decreases Stock Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Voya Investment Management LLC trimmed its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632,597 shares of the semiconductor company's stock after selling 95,757 shares during the quarter. Voya Investment Management LLC owned 0.57% of Tower Semiconductor worth $32,585,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TSEM. Vanguard Group Inc. grew its position in shares of Tower Semiconductor by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company's stock worth $205,954,000 after buying an additional 42,969 shares in the last quarter. Invesco Ltd. grew its holdings in Tower Semiconductor by 251.9% during the 4th quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company's stock worth $90,721,000 after acquiring an additional 1,260,683 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its position in shares of Tower Semiconductor by 16.4% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,345,507 shares of the semiconductor company's stock valued at $69,307,000 after purchasing an additional 189,738 shares during the last quarter. William Blair Investment Management LLC lifted its position 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 worth $53,456,000 after purchasing an additional 25,247 shares during the last quarter. Finally, Y.D. More Investments Ltd grew 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 worth $44,883,000 after purchasing an additional 187,103 shares in the last quarter. Institutional investors and hedge funds own 70.51% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TSEM shares. Wedbush restated an "outperform" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Monday, April 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Tower Semiconductor Stock Up 1.8 %

Tower Semiconductor stock opened at $37.45 on Friday. The stock has a 50-day simple moving average of $37.67 and a 200-day simple moving average of $44.61. The company has a market capitalization of $4.15 billion, a P/E ratio of 20.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31.

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.

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