Brasada Capital Management LP Invests $412,000 in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Brasada Capital Management LP acquired a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,000 shares of the semiconductor company's stock, valued at approximately $412,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Tower Semiconductor by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company's stock valued at $205,954,000 after buying an additional 42,969 shares during the period. Invesco Ltd. increased its holdings in Tower Semiconductor by 251.9% in the fourth quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company's stock valued at $90,721,000 after buying an additional 1,260,683 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its position in shares of Tower Semiconductor by 16.4% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,345,507 shares of the semiconductor company's stock worth $69,307,000 after acquiring an additional 189,738 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Tower Semiconductor by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,037,788 shares of the semiconductor company's stock valued at $53,456,000 after acquiring an additional 25,247 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its position in shares of Tower Semiconductor by 27.5% during the 4th quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company's stock worth $44,883,000 after acquiring an additional 187,103 shares in the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Tower Semiconductor Price Performance

TSEM traded down $0.97 on Monday, hitting $36.49. 112,008 shares of the company were exchanged, compared to its average volume of 562,911. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31. The firm has a market capitalization of $4.04 billion, a P/E ratio of 19.61 and a beta of 0.84. The business's fifty day moving average is $37.67 and its 200 day moving average is $44.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18.

Analyst Ratings Changes

TSEM has been the subject of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $60.00 price target on shares of Tower Semiconductor in a report on Monday, April 7th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price 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 company's stock. Based on data from MarketBeat, Tower Semiconductor presently has an average rating of "Moderate Buy" and an average target price of $60.00.

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.