Analog Century Management LP Has $40.87 Million Stock Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Analog Century Management LP reduced its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 793,439 shares of the semiconductor company's stock after selling 86,698 shares during the quarter. Tower Semiconductor makes up approximately 2.7% of Analog Century Management LP's portfolio, making the stock its 22nd largest position. Analog Century Management LP owned about 0.72% of Tower Semiconductor worth $40,870,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TSEM. Invesco Ltd. raised its position in Tower Semiconductor by 251.9% during the fourth quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company's stock valued at $90,721,000 after acquiring an additional 1,260,683 shares in the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in Tower Semiconductor during the fourth quarter valued at approximately $33,034,000. American Century Companies Inc. bought a new position in Tower Semiconductor during the fourth quarter valued at approximately $20,015,000. Arvin Capital Management LP bought a new position in Tower Semiconductor during the fourth quarter valued at approximately $11,243,000. Finally, Norges Bank bought a new position in shares of Tower Semiconductor in the fourth quarter valued at approximately $11,126,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Benchmark reissued a "buy" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research report on Monday, April 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Tower Semiconductor Stock Performance

Shares of Tower Semiconductor stock traded down $0.43 during midday trading on Tuesday, hitting $36.39. The company had a trading volume of 115,514 shares, compared to its average volume of 561,960. The business's 50 day simple moving average is $37.46 and its two-hundred day simple moving average is $44.53. The stock has a market cap of $4.03 billion, a PE ratio of 19.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $55.31.

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.