Callan Family Office LLC Invests $323,000 in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Callan Family Office LLC purchased a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,272 shares of the semiconductor company’s stock, valued at approximately $323,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Senvest Management LLC boosted its position in Tower Semiconductor by 1.7% during the third quarter. Senvest Management LLC now owns 8,320,433 shares of the semiconductor company’s stock valued at $368,262,000 after purchasing an additional 138,807 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Tower Semiconductor by 203.8% during the third quarter. Point72 Asset Management L.P. now owns 3,105,383 shares of the semiconductor company’s stock valued at $137,444,000 after purchasing an additional 2,083,262 shares in the last quarter. Jennison Associates LLC boosted its position in Tower Semiconductor by 1.5% during the third quarter. Jennison Associates LLC now owns 2,790,991 shares of the semiconductor company’s stock valued at $123,529,000 after purchasing an additional 40,038 shares in the last quarter. Summit Partners Public Asset Management LLC boosted its position in Tower Semiconductor by 1,146.9% during the third quarter. Summit Partners Public Asset Management LLC now owns 1,496,315 shares of the semiconductor company’s stock valued at $66,227,000 after purchasing an additional 1,376,315 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its position in Tower Semiconductor by 27.5% during the fourth quarter. Y.D. More Investments Ltd now owns 866,539 shares of the semiconductor company’s stock valued at $44,883,000 after purchasing an additional 187,103 shares in the last quarter. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Stock Performance

TSEM opened at $36.06 on Tuesday. Tower Semiconductor Ltd. has a 52-week low of $30.48 and a 52-week high of $55.31. The company has a quick ratio of 5.23, a current ratio of 6.18 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.00 billion, a P/E ratio of 19.39 and a beta of 0.87. The firm’s 50-day moving average price is $47.96 and its 200-day moving average price is $46.37.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSEM. Craig Hallum raised their price objective on Tower Semiconductor from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com downgraded Tower Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Wedbush restated an “outperform” rating and set a $60.00 price objective on shares of Tower Semiconductor in a report on Tuesday, February 11th. Finally, Susquehanna upped their price objective on shares of Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, November 14th. One equities 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.00.

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.