Meitav Investment House Ltd. Has $113.22 Million Holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Meitav Investment House Ltd. boosted its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,555,530 shares of the semiconductor company’s stock after purchasing an additional 123,713 shares during the quarter. Tower Semiconductor comprises about 1.9% of Meitav Investment House Ltd.’s holdings, making the stock its 15th biggest position. Meitav Investment House Ltd. owned 2.31% of Tower Semiconductor worth $113,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. William Blair Investment Management LLC bought a new position in shares of Tower Semiconductor during the first quarter valued at about $34,911,000. Essex Investment Management Co. LLC lifted its position in shares of Tower Semiconductor by 7.5% during the third quarter. Essex Investment Management Co. LLC now owns 179,579 shares of the semiconductor company’s stock valued at $7,948,000 after purchasing an additional 12,551 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Tower Semiconductor by 28.1% during the first quarter. Jennison Associates LLC now owns 2,650,283 shares of the semiconductor company’s stock valued at $88,652,000 after purchasing an additional 580,610 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Tower Semiconductor during the third quarter valued at about $11,094,000. Finally, Foundry Partners LLC bought a new stake in Tower Semiconductor in the second quarter worth about $519,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Tower Semiconductor Price Performance

Shares of NASDAQ:TSEM opened at $42.58 on Thursday. The company has a 50 day moving average of $43.25 and a 200 day moving average of $39.65. The stock has a market cap of $4.72 billion, a P/E ratio of 9.82 and a beta of 0.90. Tower Semiconductor Ltd. has a 12 month low of $22.30 and a 12 month high of $46.53. The company has a current ratio of 5.90, a quick ratio of 4.94 and a debt-to-equity ratio of 0.05.

Analysts Set New Price Targets

Several analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Tower Semiconductor in a research report on Monday, September 9th. StockNews.com downgraded shares of Tower Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $51.33.

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.