Tower Semiconductor Ltd. $TSEM Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 24.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,437 shares of the semiconductor company’s stock after purchasing an additional 4,421 shares during the period. GHP Investment Advisors Inc.’s holdings in Tower Semiconductor were worth $1,622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Jennison Associates LLC lifted its stake in Tower Semiconductor by 18.8% in the 3rd quarter. Jennison Associates LLC now owns 2,331,831 shares of the semiconductor company’s stock valued at $168,591,000 after buying an additional 369,600 shares in the last quarter. Covestor Ltd purchased a new stake in Tower Semiconductor during the 3rd quarter worth approximately $52,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Tower Semiconductor by 7.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,977,806 shares of the semiconductor company’s stock valued at $215,295,000 after acquiring an additional 200,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Tower Semiconductor by 3.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,188 shares of the semiconductor company’s stock valued at $1,239,000 after acquiring an additional 603 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. acquired a new stake in shares of Tower Semiconductor in the third quarter worth approximately $18,798,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Analyst Ratings Changes

TSEM has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Tower Semiconductor in a research note on Monday, December 29th. Susquehanna upped their target price on shares of Tower Semiconductor from $100.00 to $135.00 and gave the stock a “positive” rating in a report on Tuesday, November 11th. Barclays raised their price target on shares of Tower Semiconductor from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Benchmark restated a “buy” rating and set a $150.00 price target (up from $120.00) on shares of Tower Semiconductor in a research report on Friday, January 9th. Finally, Wedbush cut shares of Tower Semiconductor from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Wednesday, December 31st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Tower Semiconductor has an average rating of “Hold” and an average target price of $126.75.

Tower Semiconductor Trading Down 1.0%

Shares of TSEM stock opened at $128.62 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.61 and a quick ratio of 5.54. Tower Semiconductor Ltd. has a twelve month low of $28.64 and a twelve month high of $136.48. The company’s 50-day moving average price is $116.72 and its 200-day moving average price is $82.77.

About Tower Semiconductor

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.