Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Bought by DGS Capital Management LLC

DGS Capital Management LLC grew its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,457 shares of the semiconductor company’s stock after acquiring an additional 2,817 shares during the quarter. DGS Capital Management LLC’s holdings in Tower Semiconductor were worth $441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSEM. Byrne Asset Management LLC purchased a new stake in shares of Tower Semiconductor in the third quarter worth about $27,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of Tower Semiconductor in the third quarter worth about $40,000. CVA Family Office LLC purchased a new stake in shares of Tower Semiconductor in the fourth quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its position in shares of Tower Semiconductor by 336.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company’s stock worth $52,000 after buying an additional 1,635 shares during the period. Finally, Ulland Investment Advisors LLC purchased a new stake in shares of Tower Semiconductor in the third quarter worth about $56,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Tower Semiconductor Stock Up 2.5 %

Shares of Tower Semiconductor stock opened at $31.80 on Wednesday. The company has a current ratio of 6.17, a quick ratio of 5.15 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $32.48 and its 200-day simple moving average is $29.02. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 6.84 and a beta of 0.94. Tower Semiconductor Ltd. has a twelve month low of $21.43 and a twelve month high of $45.87.

Tower Semiconductor (NASDAQ:TSEM) last posted its earnings results on Wednesday, February 14th. The semiconductor company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Tower Semiconductor had a return on equity of 9.33% and a net margin of 36.44%. The firm had revenue of $351.71 million for the quarter, compared to analysts’ expectations of $350.00 million. Equities research analysts forecast that Tower Semiconductor Ltd. will post 1.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TSEM. Susquehanna began coverage on Tower Semiconductor in a report on Thursday, February 29th. They issued a “neutral” rating and a $36.00 price target for the company. TheStreet raised Tower Semiconductor from a “c+” rating to a “b-” rating in a report on Friday, March 8th. Finally, StockNews.com raised Tower Semiconductor from a “hold” rating to a “buy” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.33.

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.