Hunter Perkins Capital Management LLC Acquires 820 Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM)

Hunter Perkins Capital Management LLC increased its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,655 shares of the semiconductor company’s stock after acquiring an additional 820 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Tower Semiconductor were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Sei Investments Co. bought a new stake in Tower Semiconductor in the second quarter worth $1,148,000. ProShare Advisors LLC raised its position in shares of Tower Semiconductor by 30.3% in the 2nd quarter. ProShare Advisors LLC now owns 9,459 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 2,202 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Tower Semiconductor by 14.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,298,833 shares of the semiconductor company’s stock worth $51,057,000 after purchasing an additional 168,827 shares in the last quarter. Scientech Research LLC purchased a new stake in Tower Semiconductor during the 2nd quarter valued at about $200,000. Finally, Truist Financial Corp raised its holdings in Tower Semiconductor by 3.8% in the second quarter. Truist Financial Corp now owns 7,432 shares of the semiconductor company’s stock worth $292,000 after buying an additional 273 shares during the last quarter. 70.51% of the stock is owned by hedge funds and other institutional investors.

Tower Semiconductor Stock Up 1.1 %

Tower Semiconductor stock opened at $54.74 on Monday. Tower Semiconductor Ltd. has a one year low of $28.11 and a one year high of $55.31. The stock has a fifty day moving average of $50.53 and a 200 day moving average of $45.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.89 and a current ratio of 5.82. The stock has a market cap of $6.07 billion, a PE ratio of 29.59 and a beta of 0.89.

Tower Semiconductor (NASDAQ:TSEM) last released its earnings results on Wednesday, November 13th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.12. Tower Semiconductor had a net margin of 14.75% and a return on equity of 8.22%. The company had revenue of $370.50 million during the quarter, compared to analyst estimates of $370.30 million. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Tower Semiconductor Ltd. will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TSEM. Susquehanna raised their price target on shares of Tower Semiconductor from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. StockNews.com cut Tower Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Tower Semiconductor in a research report on Thursday, November 14th. Finally, Craig Hallum boosted their target price on Tower Semiconductor from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Tower Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $58.33.

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.