Oppenheimer & Co. Inc. Invests $626,000 in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Oppenheimer & Co. Inc. acquired a new position in Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,500 shares of the semiconductor company’s stock, valued at approximately $626,000.

Several other institutional investors have also recently made changes to their positions in TSEM. HBK Sorce Advisory LLC grew its holdings in Tower Semiconductor by 5.0% during the 3rd quarter. HBK Sorce Advisory LLC now owns 5,658 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 268 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Tower Semiconductor by 4.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 7,355 shares of the semiconductor company’s stock worth $313,000 after buying an additional 287 shares during the last quarter. Brinker Capital Investments LLC lifted its position in Tower Semiconductor by 1.0% in the fourth quarter. Brinker Capital Investments LLC now owns 31,564 shares of the semiconductor company’s stock worth $1,364,000 after buying an additional 324 shares during the last quarter. US Bancorp DE lifted its position in Tower Semiconductor by 16.5% in the third quarter. US Bancorp DE now owns 2,312 shares of the semiconductor company’s stock worth $101,000 after buying an additional 328 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Tower Semiconductor by 26.5% in the third quarter. Lazard Asset Management LLC now owns 1,859 shares of the semiconductor company’s stock worth $81,000 after buying an additional 390 shares during the last quarter. Institutional investors own 53.83% of the company’s stock.

Tower Semiconductor Stock Down 1.7 %

NASDAQ:TSEM opened at $40.41 on Friday. Tower Semiconductor Ltd. has a twelve month low of $39.28 and a twelve month high of $49.11. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 16.91 and a beta of 0.88. The stock has a fifty day simple moving average of $42.55 and a 200-day simple moving average of $42.74. The company has a current ratio of 3.86, a quick ratio of 3.08 and a debt-to-equity ratio of 0.11.

Tower Semiconductor (NASDAQ:TSEM – Get Rating) last posted its earnings results on Thursday, February 16th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.16. Tower Semiconductor had a return on equity of 14.79% and a net margin of 15.77%. The company had revenue of $403.23 million for the quarter, compared to analyst estimates of $395.79 million. Analysts anticipate that Tower Semiconductor Ltd. will post 2.11 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Tower Semiconductor Company Profile

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Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, other Asia countries, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.