Tower Semiconductor Ltd. $TSEM is Andar Capital Management HK Ltd’s 5th Largest Position

Andar Capital Management HK Ltd grew its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 114.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 90,250 shares of the semiconductor company’s stock after purchasing an additional 48,250 shares during the period. Tower Semiconductor makes up approximately 11.4% of Andar Capital Management HK Ltd’s holdings, making the stock its 5th largest position. Andar Capital Management HK Ltd’s holdings in Tower Semiconductor were worth $10,597,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Covestor Ltd grew its stake in shares of Tower Semiconductor by 10.8% in the 4th quarter. Covestor Ltd now owns 793 shares of the semiconductor company’s stock worth $93,000 after buying an additional 77 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Tower Semiconductor by 2.6% in the 3rd quarter. Mackenzie Financial Corp now owns 5,053 shares of the semiconductor company’s stock worth $359,000 after buying an additional 127 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Tower Semiconductor by 2.6% in the 4th quarter. Evergreen Capital Management LLC now owns 5,118 shares of the semiconductor company’s stock worth $601,000 after buying an additional 131 shares during the last quarter. Mariner LLC grew its stake in shares of Tower Semiconductor by 2.4% in the 3rd quarter. Mariner LLC now owns 8,815 shares of the semiconductor company’s stock worth $637,000 after buying an additional 207 shares during the last quarter. Finally, Westside Investment Management Inc. grew its stake in shares of Tower Semiconductor by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 452 shares of the semiconductor company’s stock worth $34,000 after buying an additional 226 shares during the last quarter. 70.51% of the stock is owned by institutional investors.

Tower Semiconductor Stock Down 0.8%

Shares of Tower Semiconductor stock opened at $275.50 on Friday. Tower Semiconductor Ltd. has a twelve month low of $37.48 and a twelve month high of $302.86. The company has a quick ratio of 4.92, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $216.10 and its 200 day moving average is $154.31. The company has a market cap of $30.98 billion, a price-to-earnings ratio of 128.14 and a beta of 0.85.

Tower Semiconductor (NASDAQ:TSEM) last posted its earnings results on Wednesday, May 13th. The semiconductor company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Tower Semiconductor had a net margin of 15.13% and a return on equity of 8.54%. The business had revenue of $413.63 million during the quarter, compared to the consensus estimate of $410.72 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. Research analysts anticipate that Tower Semiconductor Ltd. will post 2.64 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on TSEM shares. Susquehanna upped their price target on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research note on Thursday, May 14th. Benchmark boosted their price objective on shares of Tower Semiconductor from $230.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Wedbush upped their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Barclays upped their price objective on Tower Semiconductor from $114.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Tower Semiconductor has an average rating of “Hold” and a consensus price target of $276.75.

Tower Semiconductor Company Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.