Portolan Capital Management LLC Makes New $3.85 Million Investment in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Portolan Capital Management LLC acquired a new position in Tower Semiconductor Ltd. (NASDAQ:TSEM) in the 4th quarter, Holdings Channel reports. The firm acquired 74,707 shares of the semiconductor company’s stock, valued at approximately $3,848,000.

Several other institutional investors and hedge funds also recently modified their holdings of TSEM. R Squared Ltd purchased a new position in shares of Tower Semiconductor during the 4th quarter valued at approximately $61,000. Blue Trust Inc. lifted its stake in Tower Semiconductor by 12.7% in the fourth quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 230 shares during the last quarter. Crews Bank & Trust bought a new position in Tower Semiconductor in the 4th quarter worth approximately $134,000. Cornerstone Investment Partners LLC bought a new position in shares of Tower Semiconductor in the fourth quarter worth $203,000. Finally, Callan Family Office LLC acquired a new position in Tower Semiconductor during the 4th quarter valued at about $323,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Tower Semiconductor in a research note on Tuesday, February 11th. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Tower Semiconductor in a report on Monday, April 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.00.

Tower Semiconductor Stock Up 0.7 %

NASDAQ:TSEM opened at $33.92 on Monday. The stock’s fifty day moving average price is $40.13 and its two-hundred day moving average price is $45.21. 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 market cap of $3.76 billion, a price-to-earnings ratio of 18.24 and a beta of 0.84. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $55.31.

About Tower Semiconductor

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.