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

Two Sigma Investments LP purchased a new stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,391 shares of the semiconductor company's stock, valued at approximately $1,720,000.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 230 shares in the last quarter. Caption Management LLC acquired a new position in shares of Tower Semiconductor during the fourth quarter worth $155,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Tower Semiconductor during the 4th quarter valued at $203,000. Cetera Investment Advisers purchased a new stake in shares of Tower Semiconductor during the 4th quarter valued at $249,000. Finally, Callan Family Office LLC acquired a new stake in shares of Tower Semiconductor in the 4th quarter worth $323,000. 70.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSEM. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Thursday, May 15th. Wedbush restated an "outperform" rating and set a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $60.00.

Tower Semiconductor Stock Performance

Shares of NASDAQ:TSEM traded down $1.07 on Friday, hitting $40.18. 704,203 shares of the company were exchanged, compared to its average volume of 572,918. The firm has a market capitalization of $4.45 billion, a P/E ratio of 21.60 and a beta of 0.75. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $55.31. The stock's 50 day moving average price is $37.31 and its 200 day moving average price is $43.60.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued its earnings results 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 firm had revenue of $358.17 million during the quarter, compared to analysts' expectations of $358.09 million. Tower Semiconductor had a return on equity of 8.11% and a net margin of 14.47%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. Sell-side analysts predict that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.