Swiss National Bank reduced its position in Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Rating) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 443,796 shares of the semiconductor company’s stock after selling 19,080 shares during the period. Swiss National Bank owned 0.41% of Tower Semiconductor worth $19,329,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Tower Semiconductor by 2,793.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 124,400 shares of the semiconductor company’s stock worth $5,466,000 after buying an additional 120,100 shares during the last quarter. Pictet Asset Management SA lifted its holdings in shares of Tower Semiconductor by 7.2% during the third quarter. Pictet Asset Management SA now owns 42,261 shares of the semiconductor company’s stock worth $1,857,000 after purchasing an additional 2,853 shares during the period. Gamco Investors INC. ET AL grew its position in Tower Semiconductor by 13.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 10,000 shares of the semiconductor company’s stock valued at $439,000 after buying an additional 1,150 shares during the last quarter. Jennison Associates LLC increased its stake in Tower Semiconductor by 16.6% in the 3rd quarter. Jennison Associates LLC now owns 1,905,744 shares of the semiconductor company’s stock valued at $83,738,000 after buying an additional 270,670 shares during the period. Finally, Bluefin Capital Management LLC raised its position in Tower Semiconductor by 2.9% during the 3rd quarter. Bluefin Capital Management LLC now owns 28,300 shares of the semiconductor company’s stock worth $1,244,000 after buying an additional 800 shares during the last quarter. 53.83% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Tower Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Thursday.
Tower Semiconductor Stock Performance
Tower Semiconductor (NASDAQ:TSEM – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.16. Tower Semiconductor had a return on equity of 14.79% and a net margin of 15.77%. The firm had revenue of $403.23 million during the quarter, compared to analysts’ expectations of $395.79 million. Research analysts expect that Tower Semiconductor Ltd. will post 2.11 EPS for the current year.
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.
Read More
- Get a free copy of the StockNews.com research report on Tower Semiconductor (TSEM)
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