Analog Century Management LP Buys 33,269 Shares of Tower Semiconductor Ltd. $TSEM

Analog Century Management LP lifted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 823,548 shares of the semiconductor company’s stock after acquiring an additional 33,269 shares during the period. Tower Semiconductor makes up approximately 2.1% of Analog Century Management LP’s holdings, making the stock its 22nd biggest holding. Analog Century Management LP owned 0.74% of Tower Semiconductor worth $35,701,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TSEM. PNC Financial Services Group Inc. increased its stake in Tower Semiconductor by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 8,700 shares of the semiconductor company’s stock valued at $310,000 after purchasing an additional 350 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Tower Semiconductor by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company’s stock valued at $145,106,000 after buying an additional 93,868 shares during the period. Deutsche Bank AG increased its position in shares of Tower Semiconductor by 6.9% in the 1st quarter. Deutsche Bank AG now owns 146,467 shares of the semiconductor company’s stock valued at $5,223,000 after buying an additional 9,476 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Tower Semiconductor during the 1st quarter worth $75,000. Finally, Invesco Ltd. lifted its holdings in Tower Semiconductor by 14.2% during the first quarter. Invesco Ltd. now owns 2,010,856 shares of the semiconductor company’s stock worth $71,707,000 after acquiring an additional 249,621 shares in the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSEM has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Tower Semiconductor in a report on Monday. Wedbush increased their target price on Tower Semiconductor from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Barclays raised their target price on shares of Tower Semiconductor from $74.00 to $97.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Susquehanna upped their price target on shares of Tower Semiconductor from $100.00 to $135.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. Finally, Benchmark increased their price objective on shares of Tower Semiconductor from $73.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Tower Semiconductor Trading Up 2.0%

NASDAQ:TSEM opened at $126.51 on Thursday. Tower Semiconductor Ltd. has a twelve month low of $28.64 and a twelve month high of $126.88. The company has a quick ratio of 5.54, a current ratio of 6.61 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $90.42 and a two-hundred day moving average price of $64.77. The company has a market cap of $14.02 billion, a P/E ratio of 73.55 and a beta of 0.88.

Tower Semiconductor Company 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.