PDT Partners LLC trimmed its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 63.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,808 shares of the semiconductor company's stock after selling 28,728 shares during the quarter. PDT Partners LLC's holdings in Tower Semiconductor were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in Tower Semiconductor by 12.7% in the fourth quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company's stock worth $105,000 after acquiring an additional 230 shares in the last quarter. Nebula Research & Development LLC increased its position in Tower Semiconductor by 4.2% during the fourth quarter. Nebula Research & Development LLC now owns 9,636 shares of the semiconductor company's stock worth $496,000 after buying an additional 388 shares during the last quarter. Mariner LLC raised its holdings in Tower Semiconductor by 6.7% during the fourth quarter. Mariner LLC now owns 8,485 shares of the semiconductor company's stock valued at $437,000 after buying an additional 533 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tower Semiconductor by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 94,666 shares of the semiconductor company's stock worth $4,876,000 after buying an additional 819 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its stake in shares of Tower Semiconductor by 3.9% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 21,655 shares of the semiconductor company's stock worth $1,115,000 after acquiring an additional 820 shares in the last quarter. Institutional investors own 70.51% of the company's stock.
Analysts Set New Price Targets
TSEM has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark restated a "buy" rating and issued a $60.00 price objective on shares of Tower Semiconductor in a research note on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Tower Semiconductor presently has a consensus rating of "Moderate Buy" and an average target price of $60.00.
Read Our Latest Stock Analysis on Tower Semiconductor
Tower Semiconductor Stock Performance
NASDAQ:TSEM traded up $0.87 during mid-day trading on Friday, hitting $37.29. 266,679 shares of the company's stock traded hands, compared to its average volume of 563,774. 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 $4.13 billion, a price-to-earnings ratio of 20.05 and a beta of 0.75. The firm has a 50 day moving average of $36.80 and a two-hundred day moving average of $44.30. 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
(
Free Report)
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.
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