Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lowered its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Rating) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 693,539 shares of the semiconductor company’s stock after selling 209,972 shares during the quarter. Tower Semiconductor accounts for about 2.3% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s portfolio, making the stock its 18th largest position. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s holdings in Tower Semiconductor were worth $30,474,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Tower Semiconductor in the 2nd quarter worth about $30,000. Total Clarity Wealth Management Inc. bought a new stake in Tower Semiconductor during the 2nd quarter valued at about $37,000. Larson Financial Group LLC bought a new stake in Tower Semiconductor during the 2nd quarter valued at about $45,000. Lazard Asset Management LLC bought a new stake in Tower Semiconductor during the 2nd quarter valued at about $67,000. Finally, Destiny Wealth Partners LLC bought a new stake in Tower Semiconductor during the 3rd quarter valued at about $88,000. Institutional investors own 53.83% of the company’s stock.
Tower Semiconductor Trading Up 0.1 %
TSEM traded up $0.05 on Wednesday, reaching $42.95. 62,770 shares of the company traded hands, compared to its average volume of 449,304. Tower Semiconductor Ltd. has a one year low of $31.04 and a one year high of $49.13. The firm has a fifty day simple moving average of $44.11 and a two-hundred day simple moving average of $44.58. The company has a market cap of $4.69 billion, a P/E ratio of 20.31 and a beta of 0.95. The company has a quick ratio of 3.04, a current ratio of 3.78 and a debt-to-equity ratio of 0.12.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Tower Semiconductor in a report on Wednesday, October 12th. They set a “buy” rating for the company.
Tower Semiconductor Company 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.
- Get a free copy of the StockNews.com research report on Tower Semiconductor (TSEM)
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