Deutsche Bank AG Lowers Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Deutsche Bank AG lessened its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 39.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,991 shares of the semiconductor company's stock after selling 88,000 shares during the quarter. Deutsche Bank AG owned about 0.12% of Tower Semiconductor worth $7,056,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Caption Management LLC purchased a new position in shares of Tower Semiconductor in the fourth quarter valued at $155,000. Cetera Investment Advisers bought a new position in Tower Semiconductor during the fourth quarter valued at $249,000. Ameriprise Financial Inc. grew its stake in shares of Tower Semiconductor by 2.8% in the 4th quarter. Ameriprise Financial Inc. now owns 161,847 shares of the semiconductor company's stock worth $8,337,000 after buying an additional 4,457 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Tower Semiconductor in the 4th quarter worth about $1,854,000. Finally, Nebula Research & Development LLC raised its position in shares of Tower Semiconductor by 4.2% during the 4th quarter. Nebula Research & Development LLC now owns 9,636 shares of the semiconductor company's stock valued at $496,000 after buying an additional 388 shares in the last quarter. Institutional investors own 70.51% of the company's stock.

Tower Semiconductor Trading Down 0.5%

Shares of TSEM traded down $0.21 during mid-day trading on Wednesday, reaching $40.98. 447,161 shares of the company's stock traded hands, compared to its average volume of 571,896. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23. The stock's 50-day moving average is $36.62 and its two-hundred day moving average is $43.90. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $55.31. The stock has a market cap of $4.54 billion, a P/E ratio of 22.03 and a beta of 0.75.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). The business had revenue of $358.17 million for the quarter, compared to analysts' expectations of $358.09 million. Tower Semiconductor had a net margin of 14.47% and a return on equity of 8.11%. Tower Semiconductor's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. Research analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSEM. Wedbush restated an "outperform" rating and set a $60.00 price objective on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Benchmark reissued a "buy" rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Thursday, May 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

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.