Tower Semiconductor Ltd. (NASDAQ:TSEM) Stake Boosted by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 9,622.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 911,926 shares of the semiconductor company’s stock after purchasing an additional 902,546 shares during the period. Tower Semiconductor comprises 3.7% of Y.D. More Investments Ltd’s portfolio, making the stock its 5th largest holding. Y.D. More Investments Ltd owned approximately 0.83% of Tower Semiconductor worth $35,952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in Tower Semiconductor by 34.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,615 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 413 shares during the period. TD Asset Management Inc grew its stake in Tower Semiconductor by 3.2% during the second quarter. TD Asset Management Inc now owns 16,156 shares of the semiconductor company’s stock valued at $623,000 after acquiring an additional 506 shares in the last quarter. DGS Capital Management LLC grew its stake in Tower Semiconductor by 5.5% during the first quarter. DGS Capital Management LLC now owns 15,246 shares of the semiconductor company’s stock valued at $510,000 after acquiring an additional 789 shares in the last quarter. Swiss National Bank increased its holdings in Tower Semiconductor by 1.0% in the 1st quarter. Swiss National Bank now owns 220,171 shares of the semiconductor company’s stock valued at $7,209,000 after acquiring an additional 2,189 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in Tower Semiconductor in the 4th quarter worth $71,000. 70.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TSEM shares. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Tower Semiconductor in a report on Monday. StockNews.com downgraded Tower Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Tower Semiconductor currently has an average rating of “Buy” and an average target price of $51.33.

Tower Semiconductor Price Performance

Shares of Tower Semiconductor stock opened at $42.39 on Thursday. The stock has a 50 day moving average price of $40.70 and a 200-day moving average price of $36.96. Tower Semiconductor Ltd. has a one year low of $21.43 and a one year high of $44.58. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 9.61 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.94 and a current ratio of 5.90.

Tower Semiconductor (NASDAQ:TSEM) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Tower Semiconductor had a net margin of 35.58% and a return on equity of 8.33%. The company had revenue of $351.18 million for the quarter, compared to the consensus estimate of $350.00 million. Equities analysts expect that Tower Semiconductor Ltd. will post 1.82 EPS for the current year.

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.