218,260 Shares in Tower Semiconductor Ltd. (NASDAQ:TSEM) Purchased by Arvin Capital Management LP

Arvin Capital Management LP acquired a new stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 218,260 shares of the semiconductor company’s stock, valued at approximately $11,243,000. Tower Semiconductor makes up 3.2% of Arvin Capital Management LP’s investment portfolio, making the stock its 11th biggest position. Arvin Capital Management LP owned about 0.20% of Tower Semiconductor at the end of the most recent reporting period.

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

Tower Semiconductor Stock Performance

NASDAQ TSEM opened at $35.28 on Tuesday. The company has a fifty day moving average of $38.59 and a 200-day moving average of $44.83. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $55.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18. The company has a market capitalization of $3.91 billion, a P/E ratio of 18.97 and a beta of 0.84.

Analyst Ratings Changes

A number of research analysts have issued reports on TSEM shares. Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Tower Semiconductor in a research note on Monday, April 7th. Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

About Tower Semiconductor

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.