King Luther Capital Management Corp Increases Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

King Luther Capital Management Corp lifted its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 3.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 233,218 shares of the semiconductor company’s stock after purchasing an additional 8,111 shares during the period. King Luther Capital Management Corp’s holdings in Tower Semiconductor were worth $12,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSEM. Blue Trust Inc. grew its position in Tower Semiconductor by 12.7% in the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 230 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Tower Semiconductor by 1.6% during the third quarter. Van ECK Associates Corp now owns 33,680 shares of the semiconductor company’s stock valued at $1,484,000 after purchasing an additional 522 shares during the period. Hunter Perkins Capital Management LLC grew its holdings in shares of Tower Semiconductor by 3.9% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 21,655 shares of the semiconductor company’s stock worth $1,115,000 after purchasing an additional 820 shares during the last quarter. Geode Capital Management LLC increased its stake in Tower Semiconductor by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company’s stock worth $4,154,000 after buying an additional 823 shares during the period. Finally, Maverick Capital Ltd. lifted its holdings in Tower Semiconductor by 3.0% during the 3rd quarter. Maverick Capital Ltd. now owns 40,134 shares of the semiconductor company’s stock valued at $1,776,000 after buying an additional 1,157 shares in the last quarter. 70.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on TSEM shares. StockNews.com downgraded shares of Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Susquehanna increased their price objective on Tower Semiconductor from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Craig Hallum upped their target price on Tower Semiconductor from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Benchmark restated a “buy” rating and set a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on 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

Shares of TSEM stock opened at $36.85 on Wednesday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 19.81 and a beta of 0.87. Tower Semiconductor Ltd. has a 52-week low of $30.48 and a 52-week high of $55.31. 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’s 50 day moving average is $47.67 and its 200 day moving average is $46.33.

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.