Edmond DE Rothschild Holding S.A. Reduces Holdings in Tower Semiconductor Ltd. (TSEM)
Edmond DE Rothschild Holding S.A. decreased its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,182 shares of the semiconductor company’s stock after selling 10,439 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.09% of Tower Semiconductor worth $1,394,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of TSEM. Epoch Investment Partners Inc. acquired a new position in shares of Tower Semiconductor in the third quarter worth $31,850,000. Clearbridge Investments LLC grew its stake in shares of Tower Semiconductor by 948,247.6% in the third quarter. Clearbridge Investments LLC now owns 995,765 shares of the semiconductor company’s stock worth $21,668,000 after acquiring an additional 995,660 shares in the last quarter. Ibex Investors LLC purchased a new stake in shares of Tower Semiconductor during the 4th quarter worth $11,011,000. FMR LLC lifted its position in shares of Tower Semiconductor by 197.1% during the 3rd quarter. FMR LLC now owns 529,400 shares of the semiconductor company’s stock worth $11,520,000 after purchasing an additional 351,200 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Tower Semiconductor by 58.3% during the 3rd quarter. Renaissance Technologies LLC now owns 488,900 shares of the semiconductor company’s stock worth $10,638,000 after purchasing an additional 180,000 shares during the last quarter. Institutional investors and hedge funds own 50.67% of the company’s stock.
TSEM has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price objective (down from $20.00) on shares of Tower Semiconductor in a research report on Tuesday, January 22nd. BidaskClub raised shares of Tower Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, ValuEngine cut shares of Tower Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $24.42.
Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings results on Tuesday, February 19th. The semiconductor company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Tower Semiconductor had a net margin of 10.40% and a return on equity of 13.59%. The firm had revenue of $333.59 million during the quarter, compared to analysts’ expectations of $338.08 million. During the same period in the previous year, the company earned $0.55 earnings per share. Tower Semiconductor’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Tower Semiconductor Ltd. will post 1.32 earnings per share for the current year.
Tower Semiconductor Profile
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. The company provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.
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