Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Rating) was the recipient of unusually large options trading activity on Friday. Investors acquired 4,004 put options on the stock. This is an increase of approximately 948% compared to the typical volume of 382 put options.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Tower Semiconductor from a "hold" rating to a "buy" rating in a research report on Friday, May 27th.
Get Tower Semiconductor alerts:Tower Semiconductor Trading Down 0.5 %
NASDAQ:TSEM opened at $45.52 on Friday. Tower Semiconductor has a 52 week low of $28.31 and a 52 week high of $49.13. The firm has a 50 day moving average of $46.62 and a 200 day moving average of $47.20. The company has a quick ratio of 3.09, a current ratio of 3.81 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 24.61 and a beta of 1.03.
Institutional Investors Weigh In On Tower Semiconductor
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi lifted its position in Tower Semiconductor by 2,069.6% during the second quarter. Amundi now owns 235,986 shares of the semiconductor company's stock valued at $10,842,000 after acquiring an additional 225,109 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Tower Semiconductor during the second quarter valued at approximately $2,403,000. Prelude Capital Management LLC lifted its position in Tower Semiconductor by 5.6% during the second quarter. Prelude Capital Management LLC now owns 126,026 shares of the semiconductor company's stock valued at $5,820,000 after acquiring an additional 6,668 shares during the last quarter. Legal & General Group Plc lifted its position in Tower Semiconductor by 156.5% during the second quarter. Legal & General Group Plc now owns 1,107,573 shares of the semiconductor company's stock valued at $51,453,000 after acquiring an additional 675,803 shares during the last quarter. Finally, ExodusPoint Capital Management LP lifted its position in Tower Semiconductor by 368.3% during the second quarter. ExodusPoint Capital Management LP now owns 32,847 shares of the semiconductor company's stock valued at $1,517,000 after acquiring an additional 25,833 shares during the last quarter.Tower Semiconductor Company Profile
(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.
Featured Stories
- Get a free copy of the StockNews.com research report on Tower Semiconductor (TSEM)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Receive News & Ratings for Tower Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.