Tower Semiconductor Ltd. (NASDAQ:TSEM) Shares Bought by AQR Capital Management LLC

Xavier Trudeau
Août 15, 2017

Bank of America Corp DE boosted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

About 777,424 shares traded.

TSEM has been the subject of a number of analyst reports.

COPYRIGHT VIOLATION NOTICE: "Tower Semiconductor Ltd. (TSEM) Announces Earnings Results" was reported by Transcript Daily and is the property of of Transcript Daily. Finally, TheStreet lowered Tower Semiconductor from a "b-" rating to a "c" rating in a report on Monday, April 17th. Needham & Company LLC reiterated a "buy" rating and set a $35.00 target price on shares of Tower Semiconductor in a report on Wednesday, June 21st. The firm has a 50 day moving average price of $25.44 and a 200-day moving average price of $23.65. Acadian Asset Management LLC increased its stake in shares of Tower Semiconductor by 37.9% in the first quarter. The semiconductor company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.03. The company has an average rating of "Buy" and an average target price of $31.50. If you are reading this piece of content on another site, it was copied illegally and republished in violation of U.S. & worldwide copyright and trademark laws. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) has risen 122.17% since August 14, 2016 and is uptrending. The company had revenue of $345.10 million for the quarter, compared to analysts' expectations of $344.98 million. ValuEngine raised Tower Semiconductor from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 2nd. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tower Semiconductor by 53.8% in the first quarter. BidaskClub downgraded shares of Tower Semiconductor from a "buy" rating to a "hold" rating in a report on Friday, July 28th. Bank Hapoalim BM now owns 949,687 shares of the semiconductor company's stock worth $21,983,000 after buying an additional 920,150 shares during the last quarter. The company has market cap of $2.45 billion. Macquarie Group Ltd. bought a new stake in shares of Tower Semiconductor during the fourth quarter valued at about $28,658,000. During the same period in the prior year, the business posted $0.45 EPS. As of the end of the quarter Rk Capital Management, LLC had disposed of a total of 87,100 shares trimming its stake by 12.7%. Tower Semiconductor had a net margin of 14.53% and a return on equity of 28.28%. The company's quarterly revenue was up 13.1% on a year-over-year basis. Finally, Sei Investments Co. raised its position in shares of Tower Semiconductor by 12.7% in the first quarter. Wellington Management Group LLP now owns 4,450,943 shares of the semiconductor company's stock valued at $102,595,000 after buying an additional 1,148,547 shares during the last quarter. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/08/14/aqr-capital-management-llc-has-2-44-million-position-in-tower-semiconductor-ltd-nasdaqtsem-updated-updated.html. Hodges Capital Management Inc. now owns 1,151,975 shares of the semiconductor company's stock valued at $26,553,000 after buying an additional 855,750 shares during the period.

Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Firm makes semiconductors for its clients primarily based on third-party designs.

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