Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Rating) was the recipient of unusually large options trading activity on Friday. Stock investors bought 4,004 put options on the stock. This is an increase of approximately 948% compared to the average daily volume of 382 put options.
Institutional Investors Weigh In On Tower Semiconductor
Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Tower Semiconductor by 91.7% in the second quarter. JPMorgan Chase & Co. now owns 3,865,878 shares of the semiconductor company's stock worth $178,526,000 after acquiring an additional 1,848,839 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Tower Semiconductor by 2.1% in the first quarter. Vanguard Group Inc. now owns 3,239,808 shares of the semiconductor company's stock worth $156,807,000 after acquiring an additional 65,515 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Tower Semiconductor by 82.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,182,393 shares of the semiconductor company's stock worth $105,628,000 after acquiring an additional 983,880 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Tower Semiconductor by 8.5% in the second quarter. Franklin Resources Inc. now owns 1,684,100 shares of the semiconductor company's stock worth $77,774,000 after acquiring an additional 131,296 shares in the last quarter. Finally, Alpine Associates Management Inc. acquired a new stake in shares of Tower Semiconductor in the first quarter worth $81,307,000.
Get Tower Semiconductor alerts:Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Tower Semiconductor from a "hold" rating to a "buy" rating in a research report on Friday, May 27th.
Tower Semiconductor Trading Up 0.6 %
TSEM stock traded up $0.27 on Friday, hitting $46.00. 5,113 shares of the company were exchanged, compared to its average volume of 916,230. Tower Semiconductor has a twelve month low of $28.31 and a twelve month high of $49.13. The business's fifty day moving average is $46.62 and its two-hundred day moving average is $47.20. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 24.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.81 and a quick ratio of 3.09.About Tower Semiconductor
(Get Rating)
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, other Asia countries, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.
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