State of Wyoming Has $672,000 Stock Holdings in Tower Semiconductor Ltd. $TSEM

State of Wyoming trimmed its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 80.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,505 shares of the semiconductor company’s stock after selling 64,713 shares during the quarter. State of Wyoming’s holdings in Tower Semiconductor were worth $672,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TSEM. Blue Trust Inc. lifted its holdings in shares of 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 period. Orion Porfolio Solutions LLC increased its holdings in Tower Semiconductor by 1.1% in the second quarter. Orion Porfolio Solutions LLC now owns 28,517 shares of the semiconductor company’s stock valued at $1,236,000 after purchasing an additional 301 shares during the period. Oak Associates Ltd. OH raised its position in Tower Semiconductor by 1.8% during the 2nd quarter. Oak Associates Ltd. OH now owns 20,191 shares of the semiconductor company’s stock worth $875,000 after purchasing an additional 350 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Tower Semiconductor by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 95,384 shares of the semiconductor company’s stock worth $4,135,000 after buying an additional 662 shares during the period. Finally, Magnetar Financial LLC grew its position in shares of Tower Semiconductor by 14.0% in the 1st quarter. Magnetar Financial LLC now owns 6,663 shares of the semiconductor company’s stock valued at $238,000 after buying an additional 817 shares during the last quarter. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Tower Semiconductor stock opened at $118.94 on Monday. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 69.15 and a beta of 0.88. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $129.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.54 and a current ratio of 6.61. The stock’s 50 day moving average price is $92.40 and its two-hundred day moving average price is $66.10.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TSEM shares. Susquehanna raised their price objective on Tower Semiconductor from $100.00 to $135.00 and gave the stock a “positive” rating in a research report on Tuesday, November 11th. Wedbush raised their price target on shares of Tower Semiconductor from $85.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Benchmark upped their price objective on shares of Tower Semiconductor from $73.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Barclays lifted their target price on shares of Tower Semiconductor from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tower Semiconductor in a report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.25.

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.