Ulland Investment Advisors LLC Has $61,000 Stock Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Ulland Investment Advisors LLC trimmed its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 37.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,187 shares of the semiconductor company’s stock after selling 723 shares during the quarter. Ulland Investment Advisors LLC’s holdings in Tower Semiconductor were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in Tower Semiconductor during the 3rd quarter worth approximately $27,000. USA Financial Formulas acquired a new stake in shares of Tower Semiconductor during the third quarter worth $38,000. Blue Trust Inc. raised its stake in Tower Semiconductor by 319.3% during the third quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company’s stock worth $80,000 after buying an additional 1,376 shares during the last quarter. Signaturefd LLC lifted its holdings in Tower Semiconductor by 21.1% in the third quarter. Signaturefd LLC now owns 2,472 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 431 shares during the period. Finally, Scientech Research LLC bought a new stake in Tower Semiconductor during the second quarter valued at $200,000. 70.51% of the stock is owned by institutional investors and hedge funds.

Tower Semiconductor Stock Up 0.7 %

TSEM stock opened at $52.58 on Tuesday. The stock’s 50 day simple moving average is $49.84 and its 200 day simple moving average is $44.84. The company has a market cap of $5.83 billion, a P/E ratio of 28.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.89 and a current ratio of 5.82. Tower Semiconductor Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $54.27.

Tower Semiconductor (NASDAQ:TSEM) last issued its earnings results on Wednesday, November 13th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $370.50 million for the quarter, compared to analyst estimates of $370.30 million. Tower Semiconductor had a return on equity of 8.22% and a net margin of 14.75%. Tower Semiconductor’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, research analysts expect that Tower Semiconductor Ltd. will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.