Neumeier Poma Investment Counsel LLC Makes New $33.03 Million Investment in Tower Semiconductor Ltd. (NASDAQ:TSEM)

Neumeier Poma Investment Counsel LLC acquired a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 641,315 shares of the semiconductor company’s stock, valued at approximately $33,034,000. Tower Semiconductor accounts for about 3.2% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 9th largest position.

Several other large investors also recently modified their holdings of TSEM. Blue Trust Inc. grew its stake in Tower Semiconductor by 12.7% in the 4th quarter. Blue Trust Inc. now owns 2,037 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 230 shares during the last quarter. Hunter Perkins Capital Management LLC grew its position in shares of Tower Semiconductor by 3.9% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 21,655 shares of the semiconductor company’s stock valued at $1,115,000 after purchasing an additional 820 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Tower Semiconductor by 0.9% in the third quarter. Geode Capital Management LLC now owns 93,847 shares of the semiconductor company’s stock valued at $4,154,000 after purchasing an additional 823 shares during the last quarter. Maverick Capital Ltd. increased its stake in shares of Tower Semiconductor by 3.0% during the third quarter. Maverick Capital Ltd. now owns 40,134 shares of the semiconductor company’s stock worth $1,776,000 after purchasing an additional 1,157 shares during the period. Finally, R Squared Ltd acquired a new stake in Tower Semiconductor during the 4th quarter worth approximately $61,000. 70.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Tower Semiconductor in a report on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Tower Semiconductor in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Tower Semiconductor presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Tower Semiconductor Price Performance

Shares of NASDAQ TSEM opened at $37.67 on Thursday. The business has a fifty day moving average price of $44.83 and a two-hundred day moving average price of $46.01. The stock has a market capitalization of $4.17 billion, a PE ratio of 20.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.18 and a quick ratio of 5.23. Tower Semiconductor Ltd. has a fifty-two week low of $30.74 and a fifty-two week high of $55.31.

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.