Marshall Wace LLP Has $1.91 Million Stake in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Marshall Wace LLP grew its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 270.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,010 shares of the semiconductor company's stock after acquiring an additional 27,020 shares during the quarter. Marshall Wace LLP's holdings in Tower Semiconductor were worth $1,906,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of Tower Semiconductor by 251.9% during the 4th quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company's stock worth $90,721,000 after acquiring an additional 1,260,683 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in Tower Semiconductor during the fourth quarter worth $33,034,000. American Century Companies Inc. acquired a new position in shares of Tower Semiconductor in the fourth quarter valued at $20,015,000. Norges Bank acquired a new position in shares of Tower Semiconductor in the fourth quarter valued at $11,126,000. Finally, Menora Mivtachim Holdings LTD. raised its position in shares of Tower Semiconductor by 16.4% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,345,507 shares of the semiconductor company's stock valued at $69,307,000 after purchasing an additional 189,738 shares during the period. Institutional investors own 70.51% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSEM. Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Monday, April 7th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tower Semiconductor presently has an average rating of "Moderate Buy" and an average target price of $60.00.

Tower Semiconductor Stock Performance

NASDAQ TSEM traded down $0.40 during trading on Wednesday, reaching $35.78. The company's stock had a trading volume of 289,310 shares, compared to its average volume of 562,966. The firm has a 50 day moving average price of $37.25 and a 200 day moving average price of $44.47. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $55.31. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 19.24 and a beta of 0.84. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05.

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.