Two Sigma Investments LP Invests $1.72 Million in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Two Sigma Investments LP acquired a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 33,391 shares of the semiconductor company's stock, valued at approximately $1,720,000.

Several other hedge funds have also recently bought and sold shares of TSEM. Blue Trust Inc. grew its stake in Tower Semiconductor by 12.7% during the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company's stock worth $105,000 after purchasing an additional 230 shares in the last quarter. Nebula Research & Development LLC grew its position in shares of Tower Semiconductor by 4.2% during the fourth quarter. Nebula Research & Development LLC now owns 9,636 shares of the semiconductor company's stock worth $496,000 after buying an additional 388 shares in the last quarter. Mariner LLC increased its stake in shares of Tower Semiconductor by 6.7% during the fourth quarter. Mariner LLC now owns 8,485 shares of the semiconductor company's stock worth $437,000 after buying an additional 533 shares during the period. Geode Capital Management LLC raised its holdings in Tower Semiconductor by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 94,666 shares of the semiconductor company's stock valued at $4,876,000 after acquiring an additional 819 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tower Semiconductor by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,593 shares of the semiconductor company's stock valued at $1,421,000 after acquiring an additional 1,306 shares in the last quarter. Institutional investors and hedge funds own 70.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TSEM shares. Wedbush reiterated an "outperform" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reiterated 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 assigned a buy rating to the stock. According to data from MarketBeat, Tower Semiconductor presently has an average rating of "Moderate Buy" and an average price target of $60.00.

Tower Semiconductor Price Performance

Tower Semiconductor stock traded down $0.59 during midday trading on Thursday, reaching $41.51. The company's stock had a trading volume of 181,982 shares, compared to its average volume of 570,171. The firm has a market capitalization of $4.60 billion, a PE ratio of 22.30 and a beta of 0.75. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31. The stock's 50 day simple moving average is $37.20 and its 200 day simple moving average is $43.63. 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 (NASDAQ:TSEM - Get Free Report) last announced 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 net margin of 14.47% and a return on equity of 8.11%. The company had revenue of $358.17 million during the quarter, compared to analyst estimates of $358.09 million. During the same quarter last year, the business earned $0.40 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current year.

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.