State of Wyoming Has $1.79 Million Stock Holdings in Tower Semiconductor Ltd. $TSEM

State of Wyoming decreased its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 22.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,175 shares of the semiconductor company’s stock after selling 2,879 shares during the period. State of Wyoming’s holdings in Tower Semiconductor were worth $1,786,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Tower Semiconductor during the 4th quarter worth $27,000. Hanson & Doremus Investment Management acquired a new stake in Tower Semiconductor in the first quarter valued at about $53,000. CIBC Private Wealth Group LLC boosted its stake in Tower Semiconductor by 254.2% in the third quarter. CIBC Private Wealth Group LLC now owns 418 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Tower Semiconductor in the fourth quarter valued at about $52,000. Finally, SBI Securities Co. Ltd. grew its position in Tower Semiconductor by 344.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 520 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 403 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Stock Performance

Shares of TSEM stock opened at $249.53 on Thursday. The firm has a market capitalization of $28.06 billion, a price-to-earnings ratio of 116.06 and a beta of 0.87. The company has a current ratio of 5.63, a quick ratio of 4.92 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $256.02 and its 200-day moving average price is $192.71. Tower Semiconductor Ltd. has a 12 month low of $43.12 and a 12 month high of $319.94.

Analyst Ratings Changes

Several brokerages have commented on TSEM. Susquehanna boosted their target price on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research note on Thursday, May 14th. Wedbush lifted their price target on shares of Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Benchmark reiterated a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday, July 15th. Finally, UBS Group reissued a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $276.75.

Tower Semiconductor Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company’s technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.