DGS Capital Management LLC Raises Stake in Tower Semiconductor Ltd. (NASDAQ:TSEM)

DGS Capital Management LLC increased its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,297 shares of the semiconductor company’s stock after buying an additional 4,453 shares during the period. DGS Capital Management LLC’s holdings in Tower Semiconductor were worth $994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new position in shares of Tower Semiconductor during the third quarter valued at $27,000. USA Financial Formulas bought a new position in Tower Semiconductor during the 3rd quarter worth about $38,000. Blue Trust Inc. increased its position in Tower Semiconductor by 319.3% during the 3rd quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 1,376 shares during the period. Signaturefd LLC raised its holdings in shares of Tower Semiconductor by 21.1% in the 3rd quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 431 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in shares of Tower Semiconductor in the 2nd quarter worth approximately $200,000. Institutional investors own 70.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TSEM shares. Susquehanna lifted their price objective on shares of Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Craig Hallum lifted their price target on Tower Semiconductor from $54.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Tower Semiconductor in a research note on Thursday, November 14th. Finally, StockNews.com lowered Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.33.

Tower Semiconductor Stock Performance

Shares of TSEM stock opened at $54.74 on Friday. Tower Semiconductor Ltd. has a 12-month low of $28.11 and a 12-month high of $55.31. The business’s fifty day simple moving average is $50.33 and its 200-day simple moving average is $45.06. The company has a current ratio of 5.82, a quick ratio of 4.89 and a debt-to-equity ratio of 0.05. The company has a market cap of $6.07 billion, a PE ratio of 29.59 and a beta of 0.89.

Tower Semiconductor (NASDAQ:TSEM) last released its quarterly earnings results on Wednesday, November 13th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. The company had revenue of $370.50 million during the quarter, compared to analysts’ expectations of $370.30 million. During the same period last year, the business posted $0.47 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. Analysts expect that Tower Semiconductor Ltd. will post 1.77 earnings per share 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.