Polymer Capital Management US LLC Invests $4.48 Million in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Polymer Capital Management US LLC purchased a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 86,900 shares of the semiconductor company’s stock, valued at approximately $4,476,000. Tower Semiconductor makes up approximately 1.2% of Polymer Capital Management US LLC’s holdings, making the stock its 20th biggest holding. Polymer Capital Management US LLC owned approximately 0.08% of Tower Semiconductor at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Tower Semiconductor by 1.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,189 shares of the semiconductor company’s stock valued at $4,346,000 after acquiring an additional 1,645 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Tower Semiconductor in the 3rd quarter valued at $1,979,000. Gordian Capital Singapore Pte Ltd lifted its holdings in Tower Semiconductor by 140.0% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 24,000 shares of the semiconductor company’s stock valued at $1,062,000 after purchasing an additional 14,000 shares in the last quarter. Barclays PLC boosted its stake in Tower Semiconductor by 4,081.2% during the 3rd quarter. Barclays PLC now owns 23,958 shares of the semiconductor company’s stock worth $1,060,000 after purchasing an additional 23,385 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Tower Semiconductor by 0.9% during the third quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company’s stock worth $4,154,000 after buying an additional 823 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSEM has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. Wedbush restated an “outperform” rating and set a $60.00 target price 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 assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Tower Semiconductor Trading Down 6.2 %

Shares of TSEM opened at $29.65 on Monday. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $55.31. The firm has a market capitalization of $3.29 billion, a P/E ratio of 15.94 and a beta of 0.87. The firm has a 50-day moving average price of $42.20 and a 200 day moving average price of $45.70. The company has a current ratio of 6.18, a quick ratio of 5.23 and a debt-to-equity ratio of 0.05.

Tower Semiconductor 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.