DGS Capital Management LLC Buys 2,817 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

DGS Capital Management LLC increased its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 24.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,457 shares of the semiconductor company’s stock after purchasing an additional 2,817 shares during the quarter. DGS Capital Management LLC’s holdings in Tower Semiconductor were worth $441,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in Tower Semiconductor during the 3rd quarter worth approximately $27,000. BNP Paribas Arbitrage SNC bought a new stake in Tower Semiconductor during the 3rd quarter worth approximately $40,000. CVA Family Office LLC bought a new stake in Tower Semiconductor during the 4th quarter worth approximately $47,000. EverSource Wealth Advisors LLC boosted its position in Tower Semiconductor by 336.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 1,635 shares during the last quarter. Finally, Ulland Investment Advisors LLC acquired a new position in Tower Semiconductor during the 3rd quarter worth approximately $56,000. 70.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TSEM has been the subject of a number of recent research reports. StockNews.com raised Tower Semiconductor from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Susquehanna initiated coverage on Tower Semiconductor in a research report on Thursday, February 29th. They set a “neutral” rating and a $36.00 price target for the company. Finally, TheStreet raised Tower Semiconductor from a “c+” rating to a “b-” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.33.

Tower Semiconductor Trading Up 2.5 %

NASDAQ TSEM opened at $31.80 on Wednesday. Tower Semiconductor Ltd. has a 12 month low of $21.43 and a 12 month high of $45.87. The company has a current ratio of 6.17, a quick ratio of 5.15 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $32.48 and a 200-day moving average of $29.02. The company has a market cap of $3.48 billion, a PE ratio of 6.84 and a beta of 0.94.

Tower Semiconductor (NASDAQ:TSEM) last released its earnings results on Wednesday, February 14th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Tower Semiconductor had a return on equity of 9.33% and a net margin of 36.44%. The firm had revenue of $351.71 million for the quarter, compared to analysts’ expectations of $350.00 million. On average, equities research analysts anticipate that Tower Semiconductor Ltd. will post 1.52 EPS for the current fiscal year.

Tower Semiconductor Profile

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.