Trexquant Investment LP Buys New Stake in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Trexquant Investment LP purchased a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 56,580 shares of the semiconductor company’s stock, valued at approximately $2,914,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd boosted its position in shares of Tower Semiconductor by 27.5% in the fourth quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company’s stock worth $44,883,000 after buying an additional 187,103 shares during the period. Barclays PLC boosted its holdings in Tower Semiconductor by 4,081.2% in the 3rd quarter. Barclays PLC now owns 23,958 shares of the semiconductor company’s stock worth $1,060,000 after acquiring an additional 23,385 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Tower Semiconductor during the third quarter valued at approximately $1,979,000. Geode Capital Management LLC lifted its position in shares of Tower Semiconductor by 0.9% during the third quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company’s stock worth $4,154,000 after purchasing an additional 823 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Tower Semiconductor by 292.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 29,230 shares of the semiconductor company’s stock valued at $1,506,000 after purchasing an additional 21,773 shares during the period. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Tower Semiconductor Trading Down 6.2 %

NASDAQ TSEM opened at $29.65 on Monday. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 15.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $55.31. The company’s fifty day moving average price is $42.20 and its two-hundred day moving average price is $45.70.

Analysts Set New Price Targets

TSEM has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Tower Semiconductor Company 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.