Y.D. More Investments Ltd Raises Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Y.D. More Investments Ltd boosted its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 27.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 866,539 shares of the semiconductor company’s stock after buying an additional 187,103 shares during the period. Tower Semiconductor makes up approximately 4.0% of Y.D. More Investments Ltd’s holdings, making the stock its 5th largest holding. Y.D. More Investments Ltd’s holdings in Tower Semiconductor were worth $44,883,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSEM. Crews Bank & Trust bought a new stake in shares of Tower Semiconductor during the fourth quarter worth $134,000. R Squared Ltd bought a new stake in shares of Tower Semiconductor during the fourth quarter valued at approximately $61,000. Hunter Perkins Capital Management LLC grew its stake in Tower Semiconductor by 3.9% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 21,655 shares of the semiconductor company’s stock worth $1,115,000 after purchasing an additional 820 shares in the last quarter. Blue Trust Inc. increased its holdings in Tower Semiconductor by 45.7% during the 4th quarter. Blue Trust Inc. now owns 2,633 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 826 shares during the period. Finally, Fifth Third Bancorp raised its position in Tower Semiconductor by 26.9% during the 4th quarter. Fifth Third Bancorp now owns 8,376 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 1,773 shares in the last quarter. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Stock Performance

TSEM opened at $49.74 on Wednesday. The company has a market cap of $5.51 billion, a P/E ratio of 26.89 and a beta of 0.88. Tower Semiconductor Ltd. has a 52-week low of $28.11 and a 52-week high of $55.31. The company has a quick ratio of 4.89, a current ratio of 5.82 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $50.59 and its 200-day moving average price is $45.48.

Tower Semiconductor (NASDAQ:TSEM) last issued its earnings results on Wednesday, November 13th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $370.50 million during the quarter, compared to analyst estimates of $370.30 million. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. As a group, equities analysts anticipate that Tower Semiconductor Ltd. will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TSEM. Craig Hallum raised their price target on Tower Semiconductor from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. StockNews.com cut shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Susquehanna upped their target price on Tower Semiconductor from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research report on Monday. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Tower Semiconductor in a research note on Thursday, November 14th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.75.

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.