Barrow Hanley Mewhinney & Strauss LLC Has $96.38 Million Stock Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,871,023 shares of the semiconductor company’s stock after selling 77,519 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.69% of Tower Semiconductor worth $96,376,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TSEM. R Squared Ltd bought a new position in shares of Tower Semiconductor during the fourth quarter worth approximately $61,000. Blue Trust Inc. grew its position in Tower Semiconductor by 12.7% during the fourth quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock worth $105,000 after buying an additional 230 shares in the last quarter. Crews Bank & Trust bought a new position in Tower Semiconductor during the 4th quarter worth $134,000. Cornerstone Investment Partners LLC acquired a new position in Tower Semiconductor in the 4th quarter valued at $203,000. Finally, Callan Family Office LLC acquired a new stake in shares of Tower Semiconductor during the 4th quarter worth $323,000. 70.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Benchmark reaffirmed 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 issued a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Tower Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Tower Semiconductor Stock Performance

Tower Semiconductor stock opened at $35.43 on Friday. The stock has a market cap of $3.93 billion, a PE ratio of 19.05 and a beta of 0.87. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a 12-month low of $30.74 and a 12-month high of $55.31. The business’s 50-day moving average price is $44.18 and its two-hundred day moving average price is $45.94.

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.