DGS Capital Management LLC Boosts Stock Position in Tower Semiconductor Ltd. (NASDAQ:TSEM)

DGS Capital Management LLC grew its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,297 shares of the semiconductor company’s stock after purchasing an additional 4,453 shares during the period. DGS Capital Management LLC’s holdings in Tower Semiconductor were worth $994,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in shares of Tower Semiconductor during the 3rd quarter valued at about $27,000. USA Financial Formulas acquired a new stake in Tower Semiconductor during the third quarter worth about $38,000. Blue Trust Inc. raised its position in Tower Semiconductor by 319.3% during the third quarter. Blue Trust Inc. now owns 1,807 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,376 shares in 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 acquiring an additional 431 shares during the period. Finally, Scientech Research LLC purchased a new stake in Tower Semiconductor in the 2nd quarter worth approximately $200,000. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Tower Semiconductor Stock Performance

TSEM opened at $54.74 on Friday. The firm’s fifty day simple moving average is $50.33 and its two-hundred day simple moving average is $45.06. Tower Semiconductor Ltd. has a 52-week low of $28.11 and a 52-week high of $55.31. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 29.59 and a beta of 0.89. The company has a quick ratio of 4.89, a current ratio of 5.82 and a debt-to-equity ratio of 0.05.

Tower Semiconductor (NASDAQ:TSEM) last posted its quarterly earnings data 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 return on equity of 8.22% and a net margin of 14.75%. The company had revenue of $370.50 million for the quarter, compared to analysts’ expectations of $370.30 million. During the same period in the previous year, the firm posted $0.47 EPS. Tower Semiconductor’s revenue was up 3.4% compared to the same quarter last year. Equities analysts anticipate 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 target price on shares of Tower Semiconductor from $54.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Susquehanna upped their price objective on shares of Tower Semiconductor from $55.00 to $60.00 and gave the stock 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 report on Tuesday, November 12th. Finally, Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Tower Semiconductor in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Tower Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price 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.