2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. reduced its position in Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) by 58.
5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,700 shares of the semiconductor company’s stock after selling 167,263 shares during the quarter. JPMorgan Chase & Co.
owned approximately 0.11% of Tower Semiconductor worth $6,114,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently bought and sold shares of the company.
Neumeier Poma Investment Counsel LLC bought a new stake in shares of Tower Semiconductor in the 4th quarter valued at approximately $33,034,000. American Century Companies Inc. acquired a new position in Tower Semiconductor in the fourth quarter worth $20,015,000.
Y.D. More Investments Ltd increased its stake in Tower Semiconductor by 27.
5% during the fourth quarter. Y.D.
More Investments Ltd now owns 866,539 shares of the semiconductor company’s stock valued at $44,883,000 after purchasing an additional 187,103 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Tower Semiconductor by 1.
1% during the fourth quarter. Vanguard Group Inc. now owns 3,993,287 shares of the semiconductor company’s stock worth $205,954,000 after purchasing an additional 42,969 shares during the period.
Finally, Raymond James Financial Inc. bought a new position in shares of Tower Semiconductor in the 4th quarter worth about $1,347,000. Institutional investors and hedge funds own 70.
51% of the company’s stock. Tower Semiconductor Stock PerformanceShares of NASDAQ TSEM opened at $35.47 on Friday.
Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $55.
31. The company has a current ratio of 6.18, a quick ratio of 5.
23 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.
93 billion, a PE ratio of 19.07 and a beta of 0.84.
The stock has a 50 day simple moving average of $39.00 and a 200-day simple moving average of $44.94.
Analyst Ratings ChangesSeveral equities research analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $60.00 price objective on shares of Tower Semiconductor in a research note on Tuesday, February 11th.
Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a report on Monday, April 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company.
According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.00.
Check Out Our Latest Research Report on TSEMTower Semiconductor Company Profile (Free Report)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.
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