260,000 Shares in Tower Semiconductor Ltd. $TSEM Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. purchased a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 260,000 shares of the semiconductor company’s stock, valued at approximately $18,798,000. Schwartz Investment Counsel Inc. owned about 0.23% of Tower Semiconductor as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Tower Semiconductor by 14.8% in the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 227 shares during the period. Orion Porfolio Solutions LLC boosted its stake in Tower Semiconductor by 1.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 28,517 shares of the semiconductor company’s stock worth $1,236,000 after buying an additional 301 shares during the last quarter. Oak Associates Ltd. OH boosted its stake in Tower Semiconductor by 1.8% in the 2nd quarter. Oak Associates Ltd. OH now owns 20,191 shares of the semiconductor company’s stock worth $875,000 after buying an additional 350 shares during the last quarter. Geode Capital Management LLC grew its holdings in Tower Semiconductor by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 95,384 shares of the semiconductor company’s stock valued at $4,135,000 after buying an additional 662 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Tower Semiconductor during the 3rd quarter valued at about $92,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Stock Performance

NASDAQ:TSEM opened at $129.83 on Monday. The firm’s fifty day simple moving average is $113.76 and its 200 day simple moving average is $80.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.54 and a current ratio of 6.61. Tower Semiconductor Ltd. has a twelve month low of $28.64 and a twelve month high of $132.46.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSEM. Weiss Ratings reissued a “hold (c)” rating on shares of Tower Semiconductor in a research report on Monday, December 29th. Benchmark reissued a “buy” rating and set a $150.00 price objective (up from $120.00) on shares of Tower Semiconductor in a research note on Friday, January 9th. Susquehanna upped their price objective on Tower Semiconductor from $100.00 to $135.00 and gave the stock a “positive” rating in a report on Tuesday, November 11th. Wedbush cut Tower Semiconductor from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Wednesday, December 31st. Finally, Barclays boosted their price target on Tower Semiconductor from $74.00 to $97.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Tower Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $126.75.

Tower Semiconductor Company Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.