Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 21.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,472 shares of the semiconductor company’s stock after acquiring an additional 431 shares during the quarter. Signaturefd LLC’s holdings in Tower Semiconductor were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new stake in Tower Semiconductor in the 1st quarter valued at about $34,911,000. Essex Investment Management Co. LLC lifted its holdings in Tower Semiconductor by 7.5% in the 3rd quarter. Essex Investment Management Co. LLC now owns 179,579 shares of the semiconductor company’s stock valued at $7,948,000 after acquiring an additional 12,551 shares during the last quarter. Jennison Associates LLC lifted its stake in Tower Semiconductor by 28.1% during the first quarter. Jennison Associates LLC now owns 2,650,283 shares of the semiconductor company’s stock valued at $88,652,000 after buying an additional 580,610 shares in the last quarter. Foundry Partners LLC purchased a new stake in Tower Semiconductor during the second quarter valued at about $519,000. Finally, Y.D. More Investments Ltd lifted its stake in Tower Semiconductor by 9,622.0% during the second quarter. Y.D. More Investments Ltd now owns 911,926 shares of the semiconductor company’s stock valued at $35,952,000 after buying an additional 902,546 shares in the last quarter. 70.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Tower Semiconductor in a research note on Monday, September 9th. StockNews.com lowered shares of Tower Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $51.33.

Tower Semiconductor Price Performance

Shares of TSEM opened at $45.17 on Tuesday. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 10.24 and a beta of 0.90. Tower Semiconductor Ltd. has a fifty-two week low of $22.30 and a fifty-two week high of $46.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.90 and a quick ratio of 4.94. The business’s 50-day moving average is $43.12 and its 200-day moving average is $39.53.

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.