12,000 Shares in Tower Semiconductor Ltd. (NASDAQ:TSEM) Acquired by Yahav Achim Ve Achayot Provident Funds Management Co Ltd.

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new position in Tower Semiconductor Ltd. (NASDAQ:TSEM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,000 shares of the semiconductor company’s stock, valued at approximately $618,000. Tower Semiconductor accounts for approximately 2.0% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s investment portfolio, making the stock its 18th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Neumeier Poma Investment Counsel LLC bought a new position in Tower Semiconductor during the fourth quarter valued at approximately $33,034,000. American Century Companies Inc. purchased a new stake in shares of Tower Semiconductor during the 4th quarter worth approximately $20,015,000. Norges Bank bought a new position in shares of Tower Semiconductor during the 4th quarter valued at approximately $11,126,000. Y.D. More Investments Ltd grew its holdings 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 valued at $44,883,000 after purchasing an additional 187,103 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in Tower Semiconductor in the third quarter worth $5,990,000. 70.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TSEM. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Tower Semiconductor Price Performance

TSEM stock opened at $29.65 on Friday. The stock has a market cap of $3.29 billion, a PE ratio of 15.94 and a beta of 0.87. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $55.31. The company has a 50-day moving average price of $42.20 and a 200 day moving average price of $45.67. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05.

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.