Crews Bank & Trust Invests $134,000 in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Crews Bank & Trust bought a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,600 shares of the semiconductor company’s stock, valued at approximately $134,000.

A number of other hedge funds have also bought and sold shares of TSEM. R Squared Ltd acquired a new stake in Tower Semiconductor during the 4th quarter worth about $61,000. Hunter Perkins Capital Management LLC lifted its holdings in Tower Semiconductor by 3.9% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 21,655 shares of the semiconductor company’s stock valued at $1,115,000 after acquiring an additional 820 shares during the period. Blue Trust Inc. lifted its holdings in Tower Semiconductor by 45.7% in the fourth quarter. Blue Trust Inc. now owns 2,633 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 826 shares during the period. Fifth Third Bancorp grew its stake in shares of Tower Semiconductor by 26.9% during the 4th quarter. Fifth Third Bancorp now owns 8,376 shares of the semiconductor company’s stock worth $431,000 after purchasing an additional 1,773 shares during the period. Finally, DGS Capital Management LLC increased its holdings in shares of Tower Semiconductor by 30.0% during the 4th quarter. DGS Capital Management LLC now owns 19,297 shares of the semiconductor company’s stock valued at $994,000 after purchasing an additional 4,453 shares in the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TSEM shares. Craig Hallum increased their target price on shares of Tower Semiconductor from $54.00 to $60.00 and gave the stock a “buy” 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 report on Tuesday, November 12th. Susquehanna boosted their price objective on Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Tower Semiconductor in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Tower Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.33.

Tower Semiconductor Stock Performance

NASDAQ TSEM opened at $48.89 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.82 and a quick ratio of 4.89. The stock’s 50 day simple moving average is $50.54 and its 200-day simple moving average is $45.32. The company has a market cap of $5.42 billion, a PE ratio of 26.43 and a beta of 0.89. Tower Semiconductor Ltd. has a 1-year low of $28.11 and a 1-year high of $55.31.

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, beating analysts’ consensus estimates 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 for 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. As a group, equities research analysts anticipate that Tower Semiconductor Ltd. will post 1.77 EPS for the current fiscal year.

Tower Semiconductor Company 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.