Vanguard Group Inc. Buys 56,410 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Vanguard Group Inc. lifted its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEMFree Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,726,278 shares of the semiconductor company’s stock after purchasing an additional 56,410 shares during the period. Vanguard Group Inc. owned 3.41% of Tower Semiconductor worth $113,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of Tower Semiconductor during the 4th quarter worth approximately $47,000. Quadrant Capital Group LLC raised its stake in shares of Tower Semiconductor by 34.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,615 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 413 shares in the last quarter. Signaturefd LLC raised its stake in shares of Tower Semiconductor by 189.8% during the 4th quarter. Signaturefd LLC now owns 2,017 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 1,321 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Tower Semiconductor during the 4th quarter worth approximately $71,000. Finally, Seven Eight Capital LP bought a new stake in shares of Tower Semiconductor during the 3rd quarter worth approximately $317,000. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Stock Up 2.0 %

TSEM stock opened at $40.25 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.38 and a quick ratio of 4.46. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 9.13 and a beta of 0.90. The business’s fifty day moving average price is $37.31 and its two-hundred day moving average price is $33.43. Tower Semiconductor Ltd. has a fifty-two week low of $21.43 and a fifty-two week high of $40.60.

Tower Semiconductor (NASDAQ:TSEMGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. The firm had revenue of $327.24 million for the quarter, compared to analysts’ expectations of $325.00 million. Tower Semiconductor had a return on equity of 8.78% and a net margin of 35.27%. On average, equities analysts anticipate that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current year.

Analysts Set New Price Targets

TSEM has been the subject of several research reports. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Tower Semiconductor in a report on Friday, May 10th. Susquehanna raised Tower Semiconductor from a “neutral” rating to a “positive” rating and raised their price target for the company from $36.00 to $55.00 in a report on Friday, May 10th. Craig Hallum raised their price target on Tower Semiconductor from $40.00 to $44.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, StockNews.com raised Tower Semiconductor from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $46.33.

Get Our Latest Analysis on Tower Semiconductor

Tower Semiconductor Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Tower Semiconductor (NASDAQ:TSEM)

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