Paloma Partners Management Co Invests $1.85 Million in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Paloma Partners Management Co purchased a new position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,000 shares of the semiconductor company's stock, valued at approximately $1,854,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in Tower Semiconductor by 4,081.2% during the third quarter. Barclays PLC now owns 23,958 shares of the semiconductor company's stock valued at $1,060,000 after buying an additional 23,385 shares in the last quarter. Geode Capital Management LLC boosted its position 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 in the last quarter. Tidal Investments LLC grew its stake in shares of Tower Semiconductor by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 71,678 shares of the semiconductor company's stock worth $3,172,000 after purchasing an additional 3,168 shares during the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Tower Semiconductor by 5.5% in the 4th quarter. Oliver Luxxe Assets LLC now owns 44,378 shares of the semiconductor company's stock worth $2,292,000 after purchasing an additional 2,322 shares in the last quarter. Finally, Dakota Wealth Management acquired a new stake in Tower Semiconductor during the fourth quarter valued at approximately $920,000. Institutional investors and hedge funds own 70.51% of the company's stock.

Wall Street Analyst Weigh In

TSEM has been the topic of a number of recent research reports. Benchmark restated a "buy" rating and issued a $60.00 target price on shares of Tower Semiconductor in a report on Thursday. Wedbush reissued an "outperform" rating and issued a $60.00 price objective 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.00.

Tower Semiconductor Price Performance

NASDAQ:TSEM traded up $0.87 on Friday, reaching $37.29. The stock had a trading volume of 266,679 shares, compared to its average volume of 563,774. 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 company has a market capitalization of $4.13 billion, a P/E ratio of 20.05 and a beta of 0.75. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $55.31. The stock has a fifty day moving average price of $36.80 and a 200-day moving average price of $44.30.

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.