XTX Topco Ltd Takes $265,000 Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

XTX Topco Ltd acquired a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) during the 1st quarter, Holdings Channel.com reports. The firm acquired 7,418 shares of the semiconductor company’s stock, valued at approximately $265,000.

Several other large investors have also bought and sold shares of the business. TCTC Holdings LLC lifted its holdings in Tower Semiconductor by 117.9% in the first quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 382 shares during the period. Nebula Research & Development LLC raised its holdings in Tower Semiconductor by 4.2% in the fourth quarter. Nebula Research & Development LLC now owns 9,636 shares of the semiconductor company’s stock worth $496,000 after purchasing an additional 388 shares during the period. Mariner LLC raised its holdings in Tower Semiconductor by 6.7% in the fourth quarter. Mariner LLC now owns 8,485 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 533 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Tower Semiconductor by 5.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,577 shares of the semiconductor company’s stock worth $703,000 after purchasing an additional 643 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Tower Semiconductor by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 94,666 shares of the semiconductor company’s stock worth $4,876,000 after purchasing an additional 819 shares during the period. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSEM has been the topic of several analyst reports. Susquehanna set a $66.00 target price on shares of Tower Semiconductor and gave the stock a “positive” rating in a report on Tuesday, August 5th. Wedbush set a $65.00 price objective on shares of Tower Semiconductor and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Benchmark restated a “buy” rating and set a $66.00 price objective (up from $60.00) on shares of Tower Semiconductor in a report on Monday, August 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.25.

Tower Semiconductor Stock Down 3.9%

Shares of TSEM stock opened at $46.33 on Tuesday. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a 1 year low of $28.64 and a 1 year high of $55.31. The firm’s fifty day moving average price is $44.53 and its two-hundred day moving average price is $41.56. The firm has a market capitalization of $5.13 billion, a P/E ratio of 26.63 and a beta of 0.77.

Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The firm had revenue of $372.06 million during the quarter, compared to the consensus estimate of $371.63 million. During the same period last year, the business earned $0.53 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that Tower Semiconductor Ltd. will post 1.67 EPS for the current fiscal year.

Tower Semiconductor 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.