Tower Semiconductor Ltd. $TSEM Shares Bought by Marshall Wace LLP

Marshall Wace LLP raised its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 2,402.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,994 shares of the semiconductor company’s stock after purchasing an additional 230,404 shares during the period. Marshall Wace LLP’s holdings in Tower Semiconductor were worth $10,404,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TSEM. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tower Semiconductor during the first quarter worth $39,000. Blue Trust Inc. increased its position in Tower Semiconductor by 14.8% during the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 227 shares during the last quarter. Headlands Technologies LLC purchased a new position in Tower Semiconductor during the first quarter worth about $75,000. PharVision Advisers LLC acquired a new stake in shares of Tower Semiconductor during the 2nd quarter worth approximately $207,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Tower Semiconductor during the 2nd quarter valued at approximately $228,000. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSEM. Weiss Ratings restated a “hold (c)” rating on shares of Tower Semiconductor in a report on Monday. Susquehanna upped their price objective on shares of Tower Semiconductor from $100.00 to $135.00 and gave the stock a “positive” rating in a report on Tuesday, November 11th. Benchmark lifted their target price on shares of Tower Semiconductor from $73.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Barclays boosted their target price on Tower Semiconductor from $74.00 to $97.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Finally, Wedbush lifted their price objective on Tower Semiconductor from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Tower Semiconductor currently has a consensus rating of “Moderate Buy” and an average target price of $119.25.

Tower Semiconductor Stock Performance

Shares of TSEM stock opened at $126.51 on Thursday. Tower Semiconductor Ltd. has a 52 week low of $28.64 and a 52 week high of $126.88. The firm has a 50 day moving average of $90.42 and a two-hundred day moving average of $64.77. The company has a quick ratio of 5.54, a current ratio of 6.61 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $14.02 billion, a PE ratio of 73.55 and a beta of 0.88.

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.