Eagle Global Advisors LLC Has $3.26 Million Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Eagle Global Advisors LLC reduced its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4.5% in the 4th quarter, Holdings Channel reports. The fund owned 63,223 shares of the semiconductor company’s stock after selling 3,000 shares during the quarter. Eagle Global Advisors LLC’s holdings in Tower Semiconductor were worth $3,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. grew its stake in shares of Tower Semiconductor by 251.9% during the 4th quarter. Invesco Ltd. now owns 1,761,235 shares of the semiconductor company’s stock worth $90,721,000 after acquiring an additional 1,260,683 shares in the last quarter. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Tower Semiconductor in the 4th quarter valued at about $33,034,000. American Century Companies Inc. acquired a new stake in shares of Tower Semiconductor in the fourth quarter valued at approximately $20,015,000. Arvin Capital Management LP acquired a new position in Tower Semiconductor in the 4th quarter valued at about $11,243,000. Finally, Norges Bank acquired a new stake in Tower Semiconductor during the 4th quarter worth approximately $11,126,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on TSEM. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Tower Semiconductor in a report on Thursday, May 1st. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Tower Semiconductor in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Tower Semiconductor Trading Down 1.8 %

TSEM opened at $35.86 on Wednesday. Tower Semiconductor Ltd. has a twelve month low of $28.64 and a twelve month high of $55.31. The company has a fifty day moving average of $36.53 and a 200-day moving average of $44.19. The stock has a market cap of $3.97 billion, a PE ratio of 19.28 and a beta of 0.75. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05.

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.