Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,993,287 shares of the semiconductor company’s stock after acquiring an additional 42,969 shares during the period. Vanguard Group Inc.’s holdings in Tower Semiconductor were worth $205,954,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd increased its holdings in shares of Tower Semiconductor by 27.5% in the fourth quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company’s stock valued at $44,883,000 after purchasing an additional 187,103 shares during the period. Barclays PLC grew its position in Tower Semiconductor by 4,081.2% in the 3rd quarter. Barclays PLC now owns 23,958 shares of the semiconductor company’s stock valued at $1,060,000 after buying an additional 23,385 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Tower Semiconductor in the 3rd quarter valued at $1,979,000. Geode Capital Management LLC raised its position in Tower Semiconductor by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company’s stock worth $4,154,000 after buying an additional 823 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Tower Semiconductor by 292.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 29,230 shares of the semiconductor company’s stock worth $1,506,000 after acquiring an additional 21,773 shares during the period. 70.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TSEM shares. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Tower Semiconductor in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tower Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Tower Semiconductor Stock Down 6.2 %

TSEM stock opened at $29.65 on Friday. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $42.20 and its 200 day moving average price is $45.67. Tower Semiconductor Ltd. has a 52 week low of $28.64 and a 52 week high of $55.31. The company has a market cap of $3.29 billion, a P/E ratio of 15.94 and a beta of 0.87.

About Tower Semiconductor

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.