Tower Semiconductor Ltd. (NASDAQ:TSEM) Stock Holdings Lifted by Systematic Financial Management LP

Systematic Financial Management LP boosted its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 774,579 shares of the semiconductor company's stock after purchasing an additional 13,515 shares during the period. Tower Semiconductor makes up approximately 1.0% of Systematic Financial Management LP's portfolio, making the stock its 22nd biggest holding. Systematic Financial Management LP owned approximately 0.70% of Tower Semiconductor worth $39,905,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Tower Semiconductor by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company's stock worth $205,954,000 after purchasing an additional 42,969 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Tower Semiconductor by 21.0% in the fourth quarter. Point72 Asset Management L.P. now owns 3,758,574 shares of the semiconductor company's stock worth $193,604,000 after acquiring an additional 653,191 shares in the last quarter. Invesco Ltd. increased its position in shares of Tower Semiconductor by 251.9% in the fourth 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 in the last quarter. Menora Mivtachim Holdings LTD. raised its stake in shares of Tower Semiconductor by 16.4% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,345,507 shares of the semiconductor company's stock valued at $69,307,000 after acquiring an additional 189,738 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in shares of Tower Semiconductor by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,037,788 shares of the semiconductor company's stock valued at $53,456,000 after acquiring an additional 25,247 shares in the last quarter. Institutional investors and hedge funds own 70.51% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSEM. Wedbush reiterated an "outperform" rating and issued a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Tower Semiconductor in a research report on Thursday, May 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Tower Semiconductor Stock Down 0.0%

Shares of TSEM stock traded down $0.01 on Thursday, hitting $40.97. The stock had a trading volume of 92,811 shares, compared to its average volume of 718,069. The stock's 50 day moving average is $36.66 and its 200-day moving average is $43.88. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 22.03 and a beta of 0.75. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $55.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The semiconductor company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). The firm had revenue of $358.17 million during the quarter, compared to analyst estimates of $358.09 million. Tower Semiconductor had a return on equity of 8.11% and a net margin of 14.47%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. As a group, research analysts expect that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current year.

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.