GSA Capital Partners LLP Has $1.19 Million Stock Position in Tower Semiconductor Ltd. $TSEM

GSA Capital Partners LLP grew its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 99.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,098 shares of the semiconductor company’s stock after acquiring an additional 5,036 shares during the quarter. GSA Capital Partners LLP’s holdings in Tower Semiconductor were worth $1,186,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its position in Tower Semiconductor by 4.6% during the 4th quarter. Y.D. More Investments Ltd now owns 1,009,846 shares of the semiconductor company’s stock worth $118,084,000 after acquiring an additional 44,401 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Tower Semiconductor by 0.8% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,002,806 shares of the semiconductor company’s stock worth $352,589,000 after acquiring an additional 25,000 shares during the last quarter. Argent Trust Co acquired a new position in Tower Semiconductor during the 3rd quarter worth approximately $287,000. Granahan Investment Management LLC boosted its holdings in shares of Tower Semiconductor by 42.6% in the 3rd quarter. Granahan Investment Management LLC now owns 178,188 shares of the semiconductor company’s stock valued at $12,883,000 after buying an additional 53,208 shares during the last quarter. Finally, Rockingstone Advisors LLC acquired a new stake in shares of Tower Semiconductor in the 4th quarter valued at approximately $5,296,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wedbush increased their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Barclays increased their price objective on Tower Semiconductor from $114.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Benchmark increased their price objective on Tower Semiconductor from $230.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Susquehanna boosted their price objective on shares of Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $276.75.

Tower Semiconductor Price Performance

NASDAQ:TSEM opened at $264.48 on Thursday. The company has a quick ratio of 4.92, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $197.46 and its two-hundred day moving average price is $146.00. The firm has a market capitalization of $29.74 billion, a price-to-earnings ratio of 123.01 and a beta of 0.85. Tower Semiconductor Ltd. has a 12-month low of $37.48 and a 12-month high of $283.46.

Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. Tower Semiconductor had a return on equity of 8.54% and a net margin of 15.13%.The business had revenue of $413.63 million during the quarter, compared to the consensus estimate of $410.72 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts anticipate that Tower Semiconductor Ltd. will post 2.64 earnings per share for the current year.

Tower Semiconductor 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.