Wolverine Asset Management LLC Has $511,000 Stake in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Wolverine Asset Management LLC decreased its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 39.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,739 shares of the semiconductor company’s stock after selling 11,093 shares during the quarter. Wolverine Asset Management LLC’s holdings in Tower Semiconductor were worth $511,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TSEM. Byrne Asset Management LLC acquired a new position in shares of Tower Semiconductor in the third quarter valued at approximately $27,000. CVA Family Office LLC bought a new stake in Tower Semiconductor in the fourth quarter valued at approximately $47,000. EverSource Wealth Advisors LLC boosted its holdings in Tower Semiconductor by 336.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 1,635 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in Tower Semiconductor in the third quarter valued at approximately $56,000. Finally, Signaturefd LLC boosted its holdings in 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 acquiring an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Tower Semiconductor stock opened at $32.36 on Friday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 6.96 and a beta of 0.94. Tower Semiconductor Ltd. has a 52-week low of $21.43 and a 52-week high of $45.87. The stock’s 50 day moving average price is $32.64 and its two-hundred day moving average price is $29.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.15 and a current ratio of 6.17.

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

Analysts Set New Price Targets

Several brokerages recently commented on TSEM. TheStreet upgraded Tower Semiconductor from a “c+” rating to a “b-” rating in a report on Friday, March 8th. StockNews.com upgraded Tower Semiconductor from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Finally, Susquehanna began coverage on Tower Semiconductor in a report on Thursday, February 29th. They issued a “neutral” rating and a $36.00 target price on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.33.

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.