Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Acquired by Keybank National Association OH

Keybank National Association OH raised its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEMFree Report) by 40.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,869 shares of the semiconductor company’s stock after acquiring an additional 5,181 shares during the period. Keybank National Association OH’s holdings in Tower Semiconductor were worth $439,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Tower Semiconductor by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 46,742 shares of the semiconductor company’s stock worth $1,728,000 after acquiring an additional 349 shares during the last quarter. Maverick Capital Ltd. increased its stake in shares of Tower Semiconductor by 5.4% in the first quarter. Maverick Capital Ltd. now owns 7,388 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 381 shares during the last quarter. LPL Financial LLC increased its stake in shares of Tower Semiconductor by 1.0% in the second quarter. LPL Financial LLC now owns 49,191 shares of the semiconductor company’s stock worth $2,272,000 after acquiring an additional 476 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Tower Semiconductor by 9.5% in the second quarter. Mackenzie Financial Corp now owns 5,779 shares of the semiconductor company’s stock worth $216,000 after acquiring an additional 502 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC acquired a new position in shares of Tower Semiconductor in the third quarter worth $40,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Tower Semiconductor Stock Up 1.2 %

TSEM stock opened at $29.25 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.65 and a quick ratio of 5.47. Tower Semiconductor Ltd. has a 52-week low of $21.43 and a 52-week high of $45.87. The company has a 50-day moving average of $29.44 and a two-hundred day moving average of $28.39. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 5.95 and a beta of 0.94.

Tower Semiconductor (NASDAQ:TSEMGet Free Report) last released its quarterly earnings results on Monday, November 13th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Tower Semiconductor had a net margin of 37.17% and a return on equity of 10.85%. The company had revenue of $358.17 million during the quarter, compared to analysts’ expectations of $359.17 million. As a group, equities research analysts anticipate that Tower Semiconductor Ltd. will post 1.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSEM. Benchmark began coverage on shares of Tower Semiconductor in a report on Wednesday, October 25th. They issued a “buy” rating and a $35.00 price objective for the company. StockNews.com upgraded shares of Tower Semiconductor from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st.

View Our Latest Stock Analysis on Tower Semiconductor

Tower Semiconductor Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TSEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tower Semiconductor Ltd. (NASDAQ:TSEMFree Report).

Institutional Ownership by Quarter for Tower Semiconductor (NASDAQ:TSEM)

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