William Blair Investment Management LLC Purchases 25,247 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

William Blair Investment Management LLC boosted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,037,788 shares of the semiconductor company’s stock after acquiring an additional 25,247 shares during the period. William Blair Investment Management LLC’s holdings in Tower Semiconductor were worth $53,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSEM. State of New Jersey Common Pension Fund D bought a new stake in Tower Semiconductor in the 3rd quarter valued at about $330,000. Thrivent Financial for Lutherans increased its position in shares of Tower Semiconductor by 12.8% during the third quarter. Thrivent Financial for Lutherans now owns 12,820 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 1,451 shares during the period. Jennison Associates LLC increased its position in shares of Tower Semiconductor by 1.5% during the third quarter. Jennison Associates LLC now owns 2,790,991 shares of the semiconductor company’s stock valued at $123,529,000 after buying an additional 40,038 shares during the period. King Luther Capital Management Corp increased its position in shares of Tower Semiconductor by 0.3% during the third quarter. King Luther Capital Management Corp now owns 225,107 shares of the semiconductor company’s stock valued at $9,963,000 after buying an additional 695 shares during the period. Finally, Senvest Management LLC increased its position in shares of Tower Semiconductor by 1.7% during the third quarter. Senvest Management LLC now owns 8,320,433 shares of the semiconductor company’s stock valued at $368,262,000 after buying an additional 138,807 shares during the period. 70.51% of the stock is currently owned by institutional investors.

Tower Semiconductor Stock Up 0.2 %

TSEM stock opened at $39.04 on Tuesday. 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’s 50 day moving average is $46.60 and its 200 day moving average is $46.21. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 20.99 and a beta of 0.87. Tower Semiconductor Ltd. has a 1-year low of $30.74 and a 1-year high of $55.31.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSEM. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.