Susquehanna International Group Ltd. Makes New Investment in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Susquehanna International Group Ltd. acquired a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,625 shares of the semiconductor company’s stock, valued at approximately $1,125,000.

Several other large investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System bought a new stake in Tower Semiconductor during the first quarter worth about $164,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Tower Semiconductor during the 2nd quarter worth approximately $177,000. Scientech Research LLC bought a new stake in shares of Tower Semiconductor during the 2nd quarter worth approximately $200,000. ProShare Advisors LLC acquired a new stake in shares of Tower Semiconductor during the 1st quarter worth approximately $243,000. Finally, Lester Murray Antman dba SimplyRich bought a new position in Tower Semiconductor in the first quarter valued at approximately $342,000. Institutional investors own 70.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSEM has been the topic of a number of research analyst reports. StockNews.com downgraded Tower Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday, July 19th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Tower Semiconductor in a research note on Monday, September 9th. Four analysts have rated the stock with a buy rating, According to MarketBeat, Tower Semiconductor currently has an average rating of “Buy” and an average price target of $51.33.

Tower Semiconductor Trading Up 0.4 %

Shares of Tower Semiconductor stock opened at $43.91 on Friday. The company’s 50 day moving average price is $40.99 and its two-hundred day moving average price is $37.63. Tower Semiconductor Ltd. has a fifty-two week low of $21.43 and a fifty-two week high of $44.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.94 and a current ratio of 5.90.

Tower Semiconductor (NASDAQ:TSEM) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $351.18 million for the quarter, compared to the consensus estimate of $350.00 million. Tower Semiconductor had a return on equity of 8.33% and a net margin of 35.58%. On average, equities analysts anticipate that Tower Semiconductor Ltd. will post 1.82 earnings per share for the current 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.