Aviva PLC purchased a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,637 shares of the semiconductor company’s stock, valued at approximately $72,000.
Several other hedge funds have also bought and sold shares of TSEM. Pictet Asset Management SA grew its holdings in Tower Semiconductor by 7.2% during the 3rd quarter. Pictet Asset Management SA now owns 42,261 shares of the semiconductor company’s stock valued at $1,857,000 after buying an additional 2,853 shares in the last quarter. Mastrapasqua Asset Management Inc. lifted its position in Tower Semiconductor by 1.8% in the third quarter. Mastrapasqua Asset Management Inc. now owns 40,675 shares of the semiconductor company’s stock valued at $1,787,000 after purchasing an additional 730 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Tower Semiconductor by 91.7% in the second quarter. JPMorgan Chase & Co. now owns 3,865,878 shares of the semiconductor company’s stock valued at $178,526,000 after purchasing an additional 1,848,839 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Tower Semiconductor during the second quarter valued at approximately $2,520,000. Finally, ARK Investment Management LLC raised its holdings in shares of Tower Semiconductor by 14.5% during the third quarter. ARK Investment Management LLC now owns 53,012 shares of the semiconductor company’s stock valued at $2,329,000 after acquiring an additional 6,715 shares in the last quarter. Institutional investors and hedge funds own 53.83% of the company’s stock.
Tower Semiconductor Trading Up 0.4 %
Tower Semiconductor stock opened at $40.56 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.86 and a quick ratio of 3.08. Tower Semiconductor Ltd. has a one year low of $39.73 and a one year high of $49.13. The stock has a market capitalization of $4.43 billion, a PE ratio of 16.97 and a beta of 0.93. The business’s fifty day moving average is $42.53 and its 200 day moving average is $43.64.
Analyst Ratings Changes
Tower Semiconductor Profile
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.
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