Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP grew its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 270.5% in the fourth quarter, HoldingsChannel reports. The fund owned 37,010 shares of the semiconductor company’s stock after buying an additional 27,020 shares during the quarter. Marshall Wace LLP’s holdings in Tower Semiconductor were worth $1,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in Tower Semiconductor during the fourth quarter worth about $61,000. Blue Trust Inc. lifted its stake in shares of Tower Semiconductor by 12.7% during the fourth quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 230 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of Tower Semiconductor during the 4th quarter valued at about $134,000. Cornerstone Investment Partners LLC acquired a new stake in Tower Semiconductor in the fourth quarter valued at approximately $203,000. Finally, Callan Family Office LLC acquired a new position in shares of Tower Semiconductor during the fourth quarter worth $323,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Shares of TSEM opened at $37.45 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $55.31. The stock has a fifty day moving average price of $37.67 and a 200 day moving average price of $44.59. The company has a market cap of $4.15 billion, a P/E ratio of 20.13 and a beta of 0.84.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Monday, April 7th. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.