Barrow Hanley Mewhinney & Strauss LLC Sells 77,519 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,871,023 shares of the semiconductor company’s stock after selling 77,519 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Tower Semiconductor were worth $96,376,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in Tower Semiconductor by 12.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 12,820 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 1,451 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Tower Semiconductor by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,189 shares of the semiconductor company’s stock worth $4,346,000 after acquiring an additional 1,645 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Tower Semiconductor in the third quarter worth approximately $2,015,000. Scopia Capital Management LP bought a new stake in Tower Semiconductor in the third quarter valued at approximately $13,926,000. Finally, Maverick Capital Ltd. increased its position in Tower Semiconductor by 3.0% during the 3rd quarter. Maverick Capital Ltd. now owns 40,134 shares of the semiconductor company’s stock valued at $1,776,000 after purchasing an additional 1,157 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Tower Semiconductor stock opened at $35.43 on Friday. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.05 and a beta of 0.87. Tower Semiconductor Ltd. has a 52-week low of $30.74 and a 52-week high of $55.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18. The stock’s 50 day moving average price is $44.18 and its two-hundred day moving average price is $45.94.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSEM. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.