Tidal Investments LLC Trims Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Tidal Investments LLC decreased its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,319 shares of the semiconductor company's stock after selling 7,359 shares during the period. Tidal Investments LLC owned approximately 0.06% of Tower Semiconductor worth $3,313,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Tower Semiconductor in the 4th quarter valued at $61,000. Blue Trust Inc. raised its holdings in Tower Semiconductor by 12.7% during the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company's stock valued at $105,000 after buying an additional 230 shares during the last quarter. Crews Bank & Trust bought a new stake in Tower Semiconductor during the 4th quarter valued at $134,000. Caption Management LLC bought a new stake in Tower Semiconductor during the 4th quarter valued at $155,000. Finally, Cornerstone Investment Partners LLC bought a new stake in Tower Semiconductor during the 4th quarter valued at $203,000. Hedge funds and other institutional investors own 70.51% of the company's stock.

Tower Semiconductor Trading Down 0.3%

NASDAQ:TSEM traded down $0.13 during midday trading on Friday, reaching $40.63. 273,861 shares of the stock traded hands, compared to its average volume of 571,939. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $55.31. The stock has a market capitalization of $4.50 billion, a P/E ratio of 21.84 and a beta of 0.75. The company has a fifty day moving average of $36.74 and a 200 day moving average of $43.87.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSEM shares. Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of Tower Semiconductor in a report on Thursday, May 15th. Wedbush reiterated an "outperform" rating and set a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.