Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 50.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,448 shares of the semiconductor company’s stock after acquiring an additional 5,167 shares during the period. Fox Run Management L.L.C.’s holdings in Tower Semiconductor were worth $796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Tower Semiconductor during the fourth quarter worth $61,000. Blue Trust Inc. boosted 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 purchasing an additional 230 shares in the last quarter. Crews Bank & Trust purchased a new stake in Tower Semiconductor during the fourth quarter worth $134,000. Cornerstone Investment Partners LLC purchased a new stake in Tower Semiconductor during the fourth quarter worth $203,000. Finally, Callan Family Office LLC purchased a new stake in Tower Semiconductor during the fourth quarter worth $323,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Stock Down 1.0 %

Shares of NASDAQ:TSEM opened at $38.25 on Monday. 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 52-week low of $30.74 and a 52-week high of $55.31. The stock’s fifty day simple moving average is $45.56 and its 200-day simple moving average is $46.09. The company has a market capitalization of $4.24 billion, a P/E ratio of 20.56 and a beta of 0.87.

Analyst Ratings Changes

A number of analysts have commented on the company. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

About Tower Semiconductor

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.