Lyon Street Capital LLC boosted its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,345 shares of the semiconductor company’s stock after purchasing an additional 5,302 shares during the period. Lyon Street Capital LLC owned about 0.11% of Tower Semiconductor worth $2,489,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in Tower Semiconductor by 34.8% in the 1st quarter. Wellington Management Group LLP now owns 4,450,943 shares of the semiconductor company’s stock valued at $102,595,000 after purchasing an additional 1,148,547 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Tower Semiconductor by 22.0% during the second quarter. Vanguard Group Inc. now owns 1,840,765 shares of the semiconductor company’s stock valued at $43,902,000 after acquiring an additional 331,647 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Tower Semiconductor by 3.1% during the second quarter. Macquarie Group Ltd. now owns 1,646,168 shares of the semiconductor company’s stock valued at $39,261,000 after acquiring an additional 49,460 shares during the last quarter. Hodges Capital Management Inc. raised its stake in shares of Tower Semiconductor by 15.3% during the second quarter. Hodges Capital Management Inc. now owns 1,327,830 shares of the semiconductor company’s stock valued at $31,669,000 after acquiring an additional 175,855 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Tower Semiconductor by 8.1% during the second quarter. Renaissance Technologies LLC now owns 1,238,386 shares of the semiconductor company’s stock valued at $29,536,000 after acquiring an additional 93,200 shares during the last quarter. 49.19% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on TSEM shares. BidaskClub raised shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $35.00 price target on shares of Tower Semiconductor in a research note on Wednesday, June 21st. Credit Suisse Group started coverage on shares of Tower Semiconductor in a research note on Tuesday, September 26th. They set an “outperform” rating and a $36.00 price target for the company. Finally, ValuEngine raised shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $33.00.

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Shares of Tower Semiconductor Ltd. (TSEM) traded down 0.29% during trading on Thursday, reaching $31.23. 76,231 shares of the company were exchanged. The stock has a 50-day moving average price of $29.04 and a 200-day moving average price of $25.39. The stock has a market capitalization of $3.06 billion, a PE ratio of 15.99 and a beta of 1.00. Tower Semiconductor Ltd. has a one year low of $15.22 and a one year high of $32.33.

Tower Semiconductor (NASDAQ:TSEM) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Tower Semiconductor had a net margin of 14.53% and a return on equity of 28.28%. The business had revenue of $345.10 million during the quarter, compared to analyst estimates of $344.98 million. During the same period in the prior year, the business earned $0.45 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts forecast that Tower Semiconductor Ltd. will post $2.06 EPS for the current year.

About Tower Semiconductor

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Company manufactures semiconductors for its customers primarily based on third-party designs.

Institutional Ownership by Quarter for Tower Semiconductor (NASDAQ:TSEM)

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