Barclays PLC Has $1.06 Million Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Barclays PLC increased its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4,081.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,958 shares of the semiconductor company’s stock after buying an additional 23,385 shares during the quarter. Barclays PLC’s holdings in Tower Semiconductor were worth $1,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSEM. Hodges Capital Management Inc. increased its stake in Tower Semiconductor by 116.1% in the second quarter. Hodges Capital Management Inc. now owns 306,275 shares of the semiconductor company’s stock valued at $12,040,000 after acquiring an additional 164,575 shares during the period. TD Asset Management Inc raised its holdings in shares of Tower Semiconductor by 3.2% in the 2nd quarter. TD Asset Management Inc now owns 16,156 shares of the semiconductor company’s stock worth $623,000 after buying an additional 506 shares in the last quarter. Foundry Partners LLC bought a new position in shares of Tower Semiconductor during the 2nd quarter worth approximately $519,000. Acadian Asset Management LLC boosted its stake in Tower Semiconductor by 73.4% in the 2nd quarter. Acadian Asset Management LLC now owns 213,899 shares of the semiconductor company’s stock valued at $8,394,000 after buying an additional 90,524 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its position in Tower Semiconductor by 9,622.0% in the second quarter. Y.D. More Investments Ltd now owns 911,926 shares of the semiconductor company’s stock valued at $35,952,000 after acquiring an additional 902,546 shares during the period. 70.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Susquehanna boosted their price target on shares of Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Tower Semiconductor in a report on Thursday, November 14th. Finally, Craig Hallum lifted their target price on shares of Tower Semiconductor from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.33.

Tower Semiconductor Stock Up 0.0 %

Shares of NASDAQ TSEM opened at $52.08 on Tuesday. Tower Semiconductor Ltd. has a 1 year low of $28.02 and a 1 year high of $54.27. The firm’s 50-day moving average is $47.51 and its 200-day moving average is $43.51. The company has a current ratio of 5.82, a quick ratio of 4.89 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.77 billion, a PE ratio of 28.15 and a beta of 0.92.

Tower Semiconductor (NASDAQ:TSEM) last released its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. The business had revenue of $370.50 million during the quarter, compared to the consensus estimate of $370.30 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Equities analysts expect that Tower Semiconductor Ltd. will post 1.77 EPS for the current year.

Tower Semiconductor Company 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.