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 %
About Tower Semiconductor
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.
- Get a free copy of the StockNews.com research report on Tower Semiconductor (TSEM)
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