GHP Investment Advisors Inc. Has $642,000 Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

GHP Investment Advisors Inc. increased its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 46.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,016 shares of the semiconductor company’s stock after acquiring an additional 5,688 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Tower Semiconductor were worth $642,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TSEM. Caption Management LLC acquired a new position in shares of Tower Semiconductor during the 4th quarter worth approximately $155,000. Cornerstone Investment Partners LLC acquired a new position in shares of Tower Semiconductor during the 4th quarter worth approximately $203,000. Squarepoint Ops LLC acquired a new position in shares of Tower Semiconductor during the 4th quarter worth approximately $247,000. Cetera Investment Advisers acquired a new position in shares of Tower Semiconductor during the 4th quarter worth approximately $249,000. Finally, Callan Family Office LLC acquired a new position in shares of Tower Semiconductor during the 4th quarter worth approximately $323,000. 70.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.00.

Tower Semiconductor Stock Performance

TSEM opened at $42.84 on Thursday. The business has a fifty day simple moving average of $39.24 and a 200 day simple moving average of $42.87. The company has a market capitalization of $4.75 billion, a PE ratio of 23.67 and a beta of 0.77. Tower Semiconductor Ltd. has a 1 year low of $28.64 and a 1 year high of $55.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.93 and a quick ratio of 5.82.

Tower Semiconductor (NASDAQ:TSEM) last released its quarterly earnings results on Wednesday, May 14th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $358.17 million during the quarter, compared to the consensus estimate of $358.09 million. Tower Semiconductor had a net margin of 13.86% and a return on equity of 7.73%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Research analysts expect that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.