Investors Purchase High Volume of Put Options on Tower Semiconductor (NASDAQ:TSEM)

Tower Semiconductor Ltd. (NASDAQ:TSEM) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 6,705 put options on the stock. This represents an increase of 112% compared to the average volume of 3,163 put options.

Institutional Trading of Tower Semiconductor

Several large investors have recently added to or reduced their stakes in TSEM. Transcendent Capital Group LLC acquired a new stake in shares of Tower Semiconductor in the third quarter valued at about $27,000. R Squared Ltd acquired a new position in shares of Tower Semiconductor in the 4th quarter worth approximately $61,000. Blue Trust Inc. raised its holdings in shares of Tower Semiconductor by 12.7% in the 4th 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 acquired a new stake in Tower Semiconductor during the fourth quarter valued at approximately $134,000. Finally, Caption Management LLC acquired a new position in Tower Semiconductor in the fourth quarter worth approximately $155,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Tower Semiconductor Trading Up 0.0 %

Shares of Tower Semiconductor stock traded up $0.00 during trading hours on Tuesday, hitting $36.06. The company’s stock had a trading volume of 674,599 shares, compared to its average volume of 537,315. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.00 billion, a PE ratio of 19.40 and a beta of 0.87. The business has a fifty day moving average of $47.96 and a 200 day moving average of $46.37. Tower Semiconductor has a 1-year low of $30.48 and a 1-year high of $55.31.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSEM. StockNews.com downgraded shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Craig Hallum lifted their price target on shares of Tower Semiconductor from $54.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Susquehanna boosted their price objective on shares of Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Tower Semiconductor in a 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Tower Semiconductor Company 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.