6,272 Shares in Tower Semiconductor Ltd. (NASDAQ:TSEM) Purchased by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,272 shares of the semiconductor company’s stock, valued at approximately $323,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd lifted its holdings in shares of Tower Semiconductor by 27.5% during the fourth quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company’s stock worth $44,883,000 after purchasing an additional 187,103 shares during the period. Summit Partners Public Asset Management LLC lifted its holdings in Tower Semiconductor by 1,146.9% in the third quarter. Summit Partners Public Asset Management LLC now owns 1,496,315 shares of the semiconductor company’s stock valued at $66,227,000 after acquiring an additional 1,376,315 shares during the period. Barclays PLC lifted its holdings in Tower Semiconductor by 4,081.2% in the third quarter. Barclays PLC now owns 23,958 shares of the semiconductor company’s stock valued at $1,060,000 after acquiring an additional 23,385 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Tower Semiconductor in the third quarter valued at approximately $1,979,000. Finally, Geode Capital Management LLC lifted its holdings in Tower Semiconductor by 0.9% in the third quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company’s stock valued at $4,154,000 after acquiring an additional 823 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Trading Down 8.2 %

Shares of TSEM stock opened at $36.06 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 19.39 and a beta of 0.87. The stock has a 50 day simple moving average of $47.96 and a 200-day simple moving average of $46.37. Tower Semiconductor Ltd. has a 1-year low of $30.48 and a 1-year high of $55.31.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Susquehanna boosted their price target on Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday, February 11th. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday, February 11th. StockNews.com downgraded Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Craig Hallum upped their target price on Tower Semiconductor from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Tower Semiconductor Company Profile

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.