Ulland Investment Advisors LLC Sells 723 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Ulland Investment Advisors LLC decreased its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 37.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,187 shares of the semiconductor company’s stock after selling 723 shares during the period. Ulland Investment Advisors LLC’s holdings in Tower Semiconductor were worth $61,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Oliver Luxxe Assets LLC boosted its holdings in Tower Semiconductor by 5.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 44,378 shares of the semiconductor company’s stock worth $2,292,000 after acquiring an additional 2,322 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Tower Semiconductor by 4.6% during the third quarter. Tidal Investments LLC now owns 71,678 shares of the semiconductor company’s stock valued at $3,172,000 after purchasing an additional 3,168 shares in the last quarter. Barclays PLC boosted its holdings in Tower Semiconductor by 4,081.2% during the third 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. Geode Capital Management LLC grew its position in Tower Semiconductor by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company’s stock worth $4,154,000 after purchasing an additional 823 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its stake 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 buying an additional 14,000 shares during the last quarter. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Price Performance

Shares of NASDAQ TSEM opened at $52.58 on Tuesday. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 28.42 and a beta of 0.89. The stock has a fifty day simple moving average of $49.84 and a two-hundred day simple moving average of $44.84. The company has a current ratio of 5.82, a quick ratio of 4.89 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a 1-year low of $28.11 and a 1-year high of $54.27.

Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.12. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. The company had revenue of $370.50 million during the quarter, compared to analyst estimates of $370.30 million. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts anticipate that Tower Semiconductor Ltd. will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TSEM shares. Susquehanna boosted their target price on Tower Semiconductor from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. StockNews.com downgraded Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Craig Hallum lifted their target price on Tower Semiconductor from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Benchmark restated a “buy” rating and set a $55.00 price target on shares of Tower Semiconductor in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.33.

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.