Rokos Capital Management LLP Boosts Stock Holdings in Tower Semiconductor Ltd. $TSEM

Rokos Capital Management LLP grew its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 16.3% during the first quarter, Holdings Channel reports. The institutional investor owned 237,628 shares of the semiconductor company’s stock after purchasing an additional 33,263 shares during the quarter. Rokos Capital Management LLP’s holdings in Tower Semiconductor were worth $41,711,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TSEM. Empowered Funds LLC bought a new stake in shares of Tower Semiconductor in the 1st quarter valued at about $754,000. Quantinno Capital Management LP boosted its holdings in Tower Semiconductor by 25.7% during the 1st quarter. Quantinno Capital Management LP now owns 10,222 shares of the semiconductor company’s stock valued at $1,794,000 after acquiring an additional 2,090 shares during the period. Castleark Management LLC bought a new position in Tower Semiconductor during the 1st quarter worth approximately $9,343,000. Absolute Gestao de Investimentos Ltda. bought a new position in Tower Semiconductor during the 1st quarter worth approximately $225,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Tower Semiconductor in the 1st quarter worth approximately $12,968,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Trading Down 3.9%

TSEM opened at $224.21 on Tuesday. The business has a 50 day simple moving average of $254.32 and a two-hundred day simple moving average of $195.21. The firm has a market capitalization of $25.21 billion, a price-to-earnings ratio of 104.28 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 4.92. Tower Semiconductor Ltd. has a one year low of $43.12 and a one year high of $319.94.

Analyst Ratings Changes

Several analysts have weighed in on the company. Susquehanna boosted their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a research report on Thursday, May 14th. Wedbush raised their target price on shares of Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. UBS Group reaffirmed a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. Finally, Benchmark reissued a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.75.

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.