Artemis Investment Management LLP Acquires 107,787 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) – MarketBeat
Artemis Investment Management LLP raised its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) by 96.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,573 shares of the semiconductor company’s stock after buying an additional 107,787 shares during the period. Artemis Investment Management LLP owned about 0.20% of Tower Semiconductor worth $7,343,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its stake in shares of Tower Semiconductor by 34.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,615 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 413 shares in the last quarter. DGS Capital Management LLC lifted its stake in shares of Tower Semiconductor by 5.5% in the first quarter. DGS Capital Management LLC now owns 15,246 shares of the semiconductor company’s stock valued at $510,000 after buying an additional 789 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Tower Semiconductor by 189.8% in the fourth quarter. Signaturefd LLC now owns 2,017 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 1,321 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Tower Semiconductor in the fourth quarter valued at $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tower Semiconductor by 7.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,674 shares of the semiconductor company’s stock valued at $875,000 after buying an additional 2,032 shares in the last quarter. 70.51% of the stock is owned by institutional investors.
Tower Semiconductor Stock Performance
NASDAQ TSEM opened at $39.31 on Friday. Tower Semiconductor Ltd. has a 52-week low of $21.43 and a 52-week high of $40.60. The company has a 50-day simple moving average of $36.54 and a 200 day simple moving average of $33.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.46 and a current ratio of 5.38. The company has a market capitalization of $4.30 billion, a PE ratio of 8.91 and a beta of 0.90.
Tower Semiconductor (NASDAQ:TSEM – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. Tower Semiconductor had a net margin of 35.27% and a return on equity of 8.78%. The business had revenue of $327.24 million during the quarter, compared to the consensus estimate of $325.00 million. On average, research analysts predict that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have recently commented on TSEM shares. Craig Hallum increased their target price on shares of Tower Semiconductor from $40.00 to $44.00 and gave the company a “buy” rating in a report on Friday, May 10th. StockNews.com upgraded shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Susquehanna upgraded shares of Tower Semiconductor from a “neutral” rating to a “positive” rating and increased their target price for the company from $36.00 to $55.00 in a report on Friday, May 10th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Tower Semiconductor in a report on Friday, May 10th. Finally, TheStreet upgraded shares of Tower Semiconductor from a “c+” rating to a “b-” rating in a report on Friday, March 8th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Tower Semiconductor currently has an average rating of “Buy” and a consensus price target of $46.33.
Read Our Latest Analysis on Tower Semiconductor
About Tower Semiconductor
(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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