E20 Capital Ltd Invests $107.71 Million in Tower Semiconductor Ltd. $TSEM

E20 Capital Ltd bought a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) during the 1st quarter, Holdings Channel reports. The firm bought 613,788 shares of the semiconductor company’s stock, valued at approximately $107,708,000. Tower Semiconductor accounts for about 10.1% of E20 Capital Ltd’s investment portfolio, making the stock its 3rd largest holding.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Tower Semiconductor by 3,222.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,682,152 shares of the semiconductor company’s stock worth $549,779,000 after purchasing an additional 4,541,235 shares during the last quarter. Vanguard Group Inc. boosted its stake in Tower Semiconductor by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,338,080 shares of the semiconductor company’s stock valued at $507,317,000 after purchasing an additional 53,112 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Tower Semiconductor by 0.8% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,002,806 shares of the semiconductor company’s stock valued at $352,589,000 after buying an additional 25,000 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Tower Semiconductor by 214.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,206,467 shares of the semiconductor company’s stock valued at $259,083,000 after buying an additional 1,505,421 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Tower Semiconductor by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,108,004 shares of the semiconductor company’s stock worth $152,409,000 after buying an additional 15,461 shares during the period. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Trading Up 12.4%

Shares of NASDAQ:TSEM opened at $211.16 on Friday. The business’s 50 day simple moving average is $250.47 and its 200 day simple moving average is $196.92. Tower Semiconductor Ltd. has a 1 year low of $43.12 and a 1 year high of $319.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 4.92. The company has a market capitalization of $23.74 billion, a P/E ratio of 98.21 and a beta of 0.87.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSEM. Susquehanna lifted their target price on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a report on Thursday, May 14th. UBS Group restated a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. Wedbush raised their price target on shares of Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Benchmark reaffirmed a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Tower Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $276.75.

Tower Semiconductor Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.