Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Sold by Foundry Partners LLC

Foundry Partners LLC decreased its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,355 shares of the semiconductor company’s stock after selling 2,045 shares during the quarter. Foundry Partners LLC’s holdings in Tower Semiconductor were worth $585,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TSEM. Blue Trust Inc. increased its holdings in Tower Semiconductor by 12.7% during the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 230 shares during the period. Geode Capital Management LLC grew its holdings in Tower Semiconductor by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 94,666 shares of the semiconductor company’s stock worth $4,876,000 after acquiring an additional 819 shares in the last quarter. Hunter Perkins Capital Management LLC increased its position in shares of Tower Semiconductor by 3.9% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 21,655 shares of the semiconductor company’s stock valued at $1,115,000 after purchasing an additional 820 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Tower Semiconductor in the 4th quarter valued at $61,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Tower Semiconductor by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,593 shares of the semiconductor company’s stock worth $1,421,000 after purchasing an additional 1,306 shares during the last quarter. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Tower Semiconductor Stock Performance

NASDAQ:TSEM opened at $29.65 on Friday. The firm’s fifty day simple moving average is $42.20 and its 200-day simple moving average is $45.64. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.29 billion, a PE ratio of 15.94 and a beta of 0.87. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31.

Analysts Set New Price Targets

TSEM has been the topic of a number of analyst reports. Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Tower Semiconductor in a research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Tower Semiconductor presently has an average 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.