Portolan Capital Management LLC Makes New $3.85 Million Investment in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Portolan Capital Management LLC bought a new position in Tower Semiconductor Ltd. (NASDAQ:TSEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 74,707 shares of the semiconductor company’s stock, valued at approximately $3,848,000. Portolan Capital Management LLC owned about 0.07% of Tower Semiconductor as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TSEM. R Squared Ltd bought a new stake in Tower Semiconductor in the fourth quarter worth $61,000. Blue Trust Inc. grew its holdings in Tower Semiconductor by 12.7% during the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 230 shares in the last quarter. Crews Bank & Trust purchased a new position in Tower Semiconductor during the fourth quarter valued at $134,000. Cornerstone Investment Partners LLC bought a new position in Tower Semiconductor during the fourth quarter valued at approximately $203,000. Finally, Callan Family Office LLC purchased a new position in shares of Tower Semiconductor in the 4th quarter worth $323,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TSEM shares. Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Monday, April 7th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Tower Semiconductor Stock Up 0.7 %

Shares of NASDAQ:TSEM opened at $33.92 on Monday. The firm’s 50 day moving average price is $40.13 and its 200 day moving average price is $45.21. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 18.24 and a beta of 0.84. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31. 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 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.