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

Andar Capital Management HK Ltd raised its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 44.0% in the first quarter, Holdings Channel.com reports. The firm owned 130,000 shares of the semiconductor company’s stock after buying an additional 39,750 shares during the period. Tower Semiconductor comprises 19.5% of Andar Capital Management HK Ltd’s portfolio, making the stock its largest holding. Andar Capital Management HK Ltd’s holdings in Tower Semiconductor were worth $22,812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSEM. Price T Rowe Associates Inc. MD boosted its stake in shares of Tower Semiconductor by 3,222.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,682,152 shares of the semiconductor company’s stock valued at $549,779,000 after buying an additional 4,541,235 shares during the last quarter. Capital International Investors bought a new stake in shares of Tower Semiconductor in the fourth quarter worth $222,530,000. Goldman Sachs Group Inc. increased its stake in shares of Tower Semiconductor by 214.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,467 shares of the semiconductor company’s stock worth $259,083,000 after buying an additional 1,505,421 shares during the last quarter. Turiya Advisors Asia Ltd acquired a new stake in Tower Semiconductor in the fourth quarter valued at $172,848,000. Finally, Janus Henderson Group PLC raised its holdings in Tower Semiconductor by 293.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,074,717 shares of the semiconductor company’s stock valued at $126,193,000 after acquiring an additional 801,820 shares in the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Tower Semiconductor Stock Performance

Shares of TSEM opened at $227.21 on Tuesday. The business’s fifty day moving average price is $255.84 and its 200 day moving average price is $190.84. Tower Semiconductor Ltd. has a 12-month low of $43.12 and a 12-month high of $319.94. The stock has a market capitalization of $25.55 billion, a PE ratio of 105.68 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 4.92.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Benchmark reiterated a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. Wedbush boosted their target price on shares of Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Susquehanna upped their target price on shares of Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a research note on Thursday, May 14th. Finally, UBS Group reaffirmed a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.