Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Takes Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) in the fourth quarter, Holdings Channel reports. The firm acquired 12,000 shares of the semiconductor company’s stock, valued at approximately $618,000. Tower Semiconductor makes up approximately 2.0% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s investment portfolio, making the stock its 18th largest holding.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Tower Semiconductor in the fourth quarter valued at about $61,000. Blue Trust Inc. increased its position in Tower Semiconductor by 12.7% during the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 230 shares during the period. Crews Bank & Trust bought a new stake in shares of Tower Semiconductor in the 4th quarter valued at about $134,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Tower Semiconductor in the 4th quarter worth approximately $203,000. Finally, Callan Family Office LLC purchased a new position in Tower Semiconductor during the fourth quarter valued at approximately $323,000. 70.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSEM has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Tower Semiconductor in a research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Tower Semiconductor Price Performance

NASDAQ TSEM opened at $29.65 on Friday. The firm’s fifty day simple moving average is $42.20 and its two-hundred day simple moving average is $45.67. The firm has a market capitalization of $3.29 billion, a P/E ratio of 15.94 and a beta of 0.87. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $55.31.

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.