William Blair Investment Management LLC Raises Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

William Blair Investment Management LLC increased its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,037,788 shares of the semiconductor company's stock after acquiring an additional 25,247 shares during the quarter. William Blair Investment Management LLC owned about 0.94% of Tower Semiconductor worth $53,456,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D acquired a new position in shares of Tower Semiconductor during the 3rd quarter worth approximately $330,000. Thrivent Financial for Lutherans lifted its position in Tower Semiconductor by 12.8% during the third quarter. Thrivent Financial for Lutherans now owns 12,820 shares of the semiconductor company's stock worth $567,000 after buying an additional 1,451 shares in the last quarter. Jennison Associates LLC boosted its stake in Tower Semiconductor by 1.5% during the third quarter. Jennison Associates LLC now owns 2,790,991 shares of the semiconductor company's stock worth $123,529,000 after buying an additional 40,038 shares during the last quarter. King Luther Capital Management Corp boosted its stake in Tower Semiconductor by 0.3% during the third quarter. King Luther Capital Management Corp now owns 225,107 shares of the semiconductor company's stock worth $9,963,000 after buying an additional 695 shares during the last quarter. Finally, Senvest Management LLC grew its holdings in Tower Semiconductor by 1.7% in the 3rd quarter. Senvest Management LLC now owns 8,320,433 shares of the semiconductor company's stock valued at $368,262,000 after buying an additional 138,807 shares in the last quarter. Hedge funds and other institutional investors own 70.51% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on TSEM shares. Benchmark reiterated a "buy" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Tower Semiconductor Trading Down 1.0 %

Tower Semiconductor stock traded down $0.40 during midday trading on Friday, reaching $38.25. 301,303 shares of the stock traded hands, compared to its average volume of 535,348. The firm has a market cap of $4.24 billion, a PE ratio of 20.56 and a beta of 0.87. 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 company has a 50-day simple moving average of $45.81 and a two-hundred day simple moving average of $46.07. Tower Semiconductor Ltd. has a 12-month low of $30.74 and a 12-month high of $55.31.

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.