Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 29.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,280 shares of the semiconductor company's stock after selling 151,824 shares during the period. Janus Henderson Group PLC owned about 0.33% of Tower Semiconductor worth $18,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Caption Management LLC purchased a new stake in shares of Tower Semiconductor during the fourth quarter worth about $155,000. Cetera Investment Advisers purchased a new position in shares of Tower Semiconductor during the fourth quarter worth $249,000. Ameriprise Financial Inc. lifted its position in Tower Semiconductor by 2.8% during the fourth quarter. Ameriprise Financial Inc. now owns 161,847 shares of the semiconductor company's stock valued at $8,337,000 after purchasing an additional 4,457 shares during the period. Paloma Partners Management Co acquired a new stake in Tower Semiconductor during the 4th quarter worth about $1,854,000. Finally, Nebula Research & Development LLC lifted its holdings in shares of Tower Semiconductor by 4.2% in 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 during the period. Hedge funds and other institutional investors own 70.51% of the company's stock.

Wall Street Analyst Weigh In

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

Tower Semiconductor Trading Up 0.1%

Shares of TSEM stock traded up $0.04 during trading hours on Monday, hitting $41.15. The company had a trading volume of 568,579 shares, compared to its average volume of 571,853. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31. 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's fifty day moving average is $36.49 and its 200 day moving average is $43.92. The stock has a market capitalization of $4.56 billion, a PE ratio of 22.12 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 the consensus estimate 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 net margin of 14.47% and a return on equity of 8.11%. Tower Semiconductor's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. Research analysts expect that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal 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.