Tower Semiconductor Ltd. (TSEM) Stake Lessened by Engineers Gate Manager LP
Engineers Gate Manager LP decreased its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 35.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,274 shares of the semiconductor company’s stock after selling 18,932 shares during the period. Engineers Gate Manager LP’s holdings in Tower Semiconductor were worth $1,054,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. bought a new position in shares of Tower Semiconductor in the third quarter worth approximately $120,000. Dupont Capital Management Corp grew its holdings in shares of Tower Semiconductor by 24.4% in the second quarter. Dupont Capital Management Corp now owns 6,219 shares of the semiconductor company’s stock worth $148,000 after purchasing an additional 1,219 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Tower Semiconductor in the third quarter worth approximately $207,000. Spectrum Asset Management Inc. NB CA bought a new position in shares of Tower Semiconductor in the third quarter worth approximately $290,000. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Tower Semiconductor by 9.3% in the second quarter. Parametric Portfolio Associates LLC now owns 10,304 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 876 shares during the last quarter. Hedge funds and other institutional investors own 42.33% of the company’s stock.
Shares of Tower Semiconductor Ltd. (NASDAQ TSEM) opened at $33.15 on Wednesday. The firm has a market cap of $3,264.07, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.10 and a beta of 0.97. Tower Semiconductor Ltd. has a fifty-two week low of $18.74 and a fifty-two week high of $36.69. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.34.
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.
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