State Board of Administration of Florida Retirement System Invests $211,000 in Tower Semiconductor Ltd. (NASDAQ:TSEM)

State Board of Administration of Florida Retirement System bought a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Rating) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 4,895 shares of the semiconductor company’s stock, valued at approximately $211,000.

A number of other hedge funds also recently made changes to their positions in TSEM. Y.D. More Investments Ltd bought a new stake in shares of Tower Semiconductor during the 4th quarter worth $29,000. Pacer Advisors Inc. bought a new stake in shares of Tower Semiconductor during the 4th quarter worth $35,000. BNP Paribas Arbitrage SNC bought a new stake in shares of Tower Semiconductor during the 3rd quarter worth $40,000. Huntington National Bank bought a new stake in shares of Tower Semiconductor during the 3rd quarter worth $44,000. Finally, Aviva PLC bought a new stake in shares of Tower Semiconductor during the 3rd quarter worth $72,000. 53.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Tower Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Tower Semiconductor Trading Down 2.0 %

Shares of Tower Semiconductor stock opened at $40.66 on Tuesday. Tower Semiconductor Ltd. has a 52-week low of $39.28 and a 52-week high of $49.11. The stock’s 50-day simple moving average is $42.59 and its 200 day simple moving average is $42.70. The stock has a market capitalization of $4.44 billion, a P/E ratio of 16.01 and a beta of 0.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.08 and a current ratio of 4.19.

About Tower Semiconductor

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Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, other Asia countries, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.