Marshall Wace LLP Buys 27,020 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Marshall Wace LLP boosted its holdings in 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 and Exchange Commission (SEC). The fund owned 37,010 shares of the semiconductor company's stock after buying 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 and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd grew its stake in Tower Semiconductor by 27.5% in the fourth quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company's stock valued at $44,883,000 after acquiring an additional 187,103 shares during the period. Barclays PLC raised its position in shares of Tower Semiconductor by 4,081.2% in the third quarter. Barclays PLC now owns 23,958 shares of the semiconductor company's stock valued at $1,060,000 after purchasing an additional 23,385 shares during the period. Geode Capital Management LLC raised its stake in shares of Tower Semiconductor by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company's stock valued at $4,154,000 after purchasing an additional 823 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Tower Semiconductor by 292.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 29,230 shares of the semiconductor company's stock valued at $1,506,000 after purchasing an additional 21,773 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Tower Semiconductor in the 4th quarter worth $920,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Tower Semiconductor Stock Performance

NASDAQ:TSEM traded up $1.06 on Friday, hitting $37.48. The stock had a trading volume of 63,504 shares, compared to its average volume of 561,988. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $55.31. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 20.16 and a beta of 0.75. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05. The business's 50-day simple moving average is $36.91 and its two-hundred day simple moving average is $44.35.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. 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 issued a $60.00 price objective on shares of Tower Semiconductor in a report on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.00.

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.