William Blair Investment Management LLC Boosts Stock Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

William Blair Investment Management LLC grew its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,037,788 shares of the semiconductor company’s stock after acquiring an additional 25,247 shares during the quarter. William Blair Investment Management LLC owned 0.94% of Tower Semiconductor worth $53,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of TSEM. R Squared Ltd purchased a new position in Tower Semiconductor during the 4th quarter worth $61,000. Blue Trust Inc. boosted its holdings in Tower Semiconductor by 12.7% during the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 230 shares during the last quarter. Crews Bank & Trust purchased a new position in Tower Semiconductor during the 4th quarter worth $134,000. Cornerstone Investment Partners LLC purchased a new position in Tower Semiconductor during the 4th quarter worth $203,000. Finally, Callan Family Office LLC purchased a new position in shares of Tower Semiconductor in the 4th quarter worth about $323,000. 70.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Tower Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Tower Semiconductor Price Performance

Shares of NASDAQ:TSEM opened at $39.04 on Tuesday. Tower Semiconductor Ltd. has a fifty-two week low of $30.74 and a fifty-two week high of $55.31. The company’s 50-day moving average is $46.60 and its 200 day moving average is $46.21. The company has a market capitalization of $4.33 billion, a P/E ratio of 20.99 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18.

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.