Russell Investments Group Ltd. Purchases 107,898 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Russell Investments Group Ltd. grew its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 169.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 171,579 shares of the semiconductor company's stock after purchasing an additional 107,898 shares during the quarter. Russell Investments Group Ltd. owned 0.16% of Tower Semiconductor worth $5,237,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in Tower Semiconductor during the third quarter worth approximately $27,000. Signaturefd LLC increased its holdings in shares of Tower Semiconductor by 189.8% in the 4th quarter. Signaturefd LLC now owns 2,017 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 1,321 shares during the period. CVA Family Office LLC purchased a new stake in shares of Tower Semiconductor in the 4th quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its position in shares of Tower Semiconductor by 336.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company's stock worth $52,000 after buying an additional 1,635 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tower Semiconductor by 7.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,674 shares of the semiconductor company's stock worth $875,000 after buying an additional 2,032 shares in the last quarter. Hedge funds and other institutional investors own 70.51% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Susquehanna raised shares of Tower Semiconductor from a "neutral" rating to a "positive" rating and boosted their target price for the company from $36.00 to $55.00 in a research note on Friday. StockNews.com raised shares of Tower Semiconductor from a "hold" rating to a "buy" rating in a research note on Monday, March 25th. TheStreet raised shares of Tower Semiconductor from a "c+" rating to a "b-" rating in a research note on Friday, March 8th. Craig Hallum boosted their target price on shares of Tower Semiconductor from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Friday. Finally, Benchmark reissued a "buy" rating and issued a $40.00 target price on shares of Tower Semiconductor in a research note on Friday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $46.33.

Tower Semiconductor Trading Up 0.7 %

Shares of NASDAQ TSEM traded up $0.27 on Friday, reaching $36.71. 498,837 shares of the company traded hands, compared to its average volume of 451,342. Tower Semiconductor Ltd. has a fifty-two week low of $21.43 and a fifty-two week high of $42.00. The company has a 50 day moving average of $32.75 and a 200 day moving average of $30.18. The company has a current ratio of 6.17, a quick ratio of 5.15 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $4.01 billion, a PE ratio of 7.89 and a beta of 0.93.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. The company had revenue of $327.24 million during the quarter, compared to the consensus estimate of $325.00 million. Tower Semiconductor had a net margin of 36.44% and a return on equity of 9.33%. On average, equities research analysts forecast that Tower Semiconductor Ltd. will post 1.52 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.