Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 40.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 25,850 shares of the semiconductor company’s stock after selling 17,203 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Tower Semiconductor were worth $795,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. purchased a new position in Tower Semiconductor during the 3rd quarter worth approximately $120,000. Dupont Capital Management Corp grew its stake in Tower Semiconductor by 24.4% during the 2nd quarter. Dupont Capital Management Corp now owns 6,219 shares of the semiconductor company’s stock worth $148,000 after buying an additional 1,219 shares during the last quarter. SG Americas Securities LLC purchased a new position in Tower Semiconductor during the 3rd quarter worth approximately $207,000. Parametric Portfolio Associates LLC grew its stake in Tower Semiconductor by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 10,304 shares of the semiconductor company’s stock worth $246,000 after buying an additional 876 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Tower Semiconductor during the 2nd quarter worth approximately $279,000. Institutional investors and hedge funds own 42.33% of the company’s stock.
Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) opened at $33.41 on Friday. Tower Semiconductor Ltd. has a 1 year low of $18.38 and a 1 year high of $36.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.85 and a current ratio of 3.44. The firm has a market capitalization of $3,160.00, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.13 and a beta of 0.97.
About Tower Semiconductor
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 Company manufactures semiconductors for its customers primarily based on third-party designs.
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