Polymer Capital Management HK LTD Takes Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Polymer Capital Management HK LTD acquired a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,116 shares of the semiconductor company’s stock, valued at approximately $470,000.

Several other large investors have also added to or reduced their stakes in TSEM. Blue Trust Inc. increased its position in shares of Tower Semiconductor by 12.7% during the fourth quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 230 shares during the period. Geode Capital Management LLC increased its holdings in Tower Semiconductor by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 94,666 shares of the semiconductor company’s stock worth $4,876,000 after acquiring an additional 819 shares during the period. Hunter Perkins Capital Management LLC lifted its stake in Tower Semiconductor by 3.9% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 21,655 shares of the semiconductor company’s stock worth $1,115,000 after purchasing an additional 820 shares in the last quarter. R Squared Ltd bought a new position in Tower Semiconductor in the 4th quarter valued at $61,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tower Semiconductor by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,593 shares of the semiconductor company’s stock valued at $1,421,000 after purchasing an additional 1,306 shares in the last quarter. Institutional investors own 70.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TSEM shares. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Tower Semiconductor Stock Down 6.2 %

Shares of NASDAQ:TSEM opened at $29.65 on Monday. The firm has a market capitalization of $3.29 billion, a PE ratio of 15.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $55.31. The firm has a fifty day moving average of $42.20 and a 200 day moving average of $45.70.

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.