Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 110.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,200 shares of the semiconductor company's stock after buying an additional 21,600 shares during the period. Two Sigma Advisers LP's holdings in Tower Semiconductor were worth $2,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TSEM. R Squared Ltd purchased a new stake in shares of Tower Semiconductor in the 4th quarter worth about $61,000. Blue Trust Inc. lifted its holdings in Tower Semiconductor by 12.7% in the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company's stock valued at $105,000 after purchasing an additional 230 shares in the last quarter. Crews Bank & Trust purchased a new position in Tower Semiconductor in the 4th quarter valued at about $134,000. Caption Management LLC purchased a new position in Tower Semiconductor in the 4th quarter valued at about $155,000. Finally, Cornerstone Investment Partners LLC purchased a new position in Tower Semiconductor in the 4th quarter valued at about $203,000. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Tower Semiconductor Trading Up 2.1%

NASDAQ:TSEM traded up $0.83 on Monday, reaching $40.27. The stock had a trading volume of 319,525 shares, compared to its average volume of 571,914. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $55.31. The firm's fifty day moving average is $36.99 and its two-hundred day moving average is $43.66. 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 company has a market cap of $4.46 billion, a price-to-earnings ratio of 21.65 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 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). Tower Semiconductor had a net margin of 14.47% and a return on equity of 8.11%. The company had revenue of $358.17 million for the quarter, compared to analyst estimates of $358.09 million. During the same period in the prior year, the company earned $0.40 EPS. The company's revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that Tower Semiconductor Ltd. will post 1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TSEM shares. Wedbush restated an "outperform" rating and issued a $60.00 target price on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark restated a "buy" rating and issued a $60.00 target price on shares of Tower Semiconductor in a report on Thursday, May 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, 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.