GSA Capital Partners LLP Has $1.19 Million Stock Holdings in Tower Semiconductor Ltd. $TSEM

GSA Capital Partners LLP grew its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 99.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,098 shares of the semiconductor company’s stock after buying an additional 5,036 shares during the period. GSA Capital Partners LLP’s holdings in Tower Semiconductor were worth $1,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Tower Semiconductor by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,338,080 shares of the semiconductor company’s stock valued at $507,317,000 after buying an additional 53,112 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Tower Semiconductor by 0.8% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,002,806 shares of the semiconductor company’s stock valued at $352,589,000 after buying an additional 25,000 shares during the period. Jennison Associates LLC grew its holdings in shares of Tower Semiconductor by 18.8% in the 3rd quarter. Jennison Associates LLC now owns 2,331,831 shares of the semiconductor company’s stock valued at $168,591,000 after buying an additional 369,600 shares during the period. Wellington Management Group LLP grew its holdings in shares of Tower Semiconductor by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,108,004 shares of the semiconductor company’s stock valued at $152,409,000 after buying an additional 15,461 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Tower Semiconductor by 12.5% in the 3rd quarter. Invesco Ltd. now owns 1,596,815 shares of the semiconductor company’s stock valued at $115,450,000 after buying an additional 176,998 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Shares of TSEM opened at $264.48 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.92 and a current ratio of 5.63. The stock has a 50 day simple moving average of $197.46 and a 200 day simple moving average of $146.00. Tower Semiconductor Ltd. has a 52-week low of $37.48 and a 52-week high of $283.46. The firm has a market capitalization of $29.74 billion, a PE ratio of 123.01 and a beta of 0.85.

Tower Semiconductor (NASDAQ:TSEM) last issued its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. Tower Semiconductor had a return on equity of 8.54% and a net margin of 15.13%.The business had revenue of $413.63 million during the quarter, compared to analyst estimates of $410.72 million. During the same period in the previous year, the firm earned $0.35 EPS. Tower Semiconductor’s quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts predict that Tower Semiconductor Ltd. will post 2.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSEM. Susquehanna boosted their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a research report on Thursday, May 14th. Barclays boosted their price objective on Tower Semiconductor from $114.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Wedbush boosted their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Benchmark boosted their price objective on Tower Semiconductor from $230.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $276.75.

Tower Semiconductor Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.