Magnetar Financial LLC Sells 1,851 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Magnetar Financial LLC lowered its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,846 shares of the semiconductor company’s stock after selling 1,851 shares during the quarter. Magnetar Financial LLC’s holdings in Tower Semiconductor were worth $301,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in Tower Semiconductor during the fourth quarter valued at $61,000. Blue Trust Inc. raised its holdings in shares of Tower Semiconductor by 12.7% during the fourth quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 230 shares during the period. Crews Bank & Trust acquired a new position in shares of Tower Semiconductor during the fourth quarter valued at about $134,000. Cornerstone Investment Partners LLC acquired a new position in shares of Tower Semiconductor during the fourth quarter valued at about $203,000. Finally, Callan Family Office LLC acquired a new position in shares of Tower Semiconductor during the fourth quarter valued at about $323,000. Institutional investors own 70.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Tower Semiconductor in a report on Tuesday, February 11th. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Tower Semiconductor in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Tower Semiconductor Trading Down 1.0 %

Shares of TSEM stock opened at $38.25 on Friday. Tower Semiconductor Ltd. has a 52-week low of $30.74 and a 52-week high of $55.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.23 and a current ratio of 6.18. The company has a 50-day simple moving average of $45.56 and a two-hundred day simple moving average of $46.06. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 20.56 and a beta of 0.87.

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.