Sun Sep 15 15:17:55 UTC 2024: ## GHP Investment Advisors Increases Stake in Tower Semiconductor

**New York, NY** – GHP Investment Advisors Inc. has increased its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 25.9% during the second quarter, according to the firm’s latest SEC filing. The fund now owns 12,328 shares of the semiconductor company, valued at $485,000.

This move follows a trend of other institutional investors adjusting their holdings in Tower Semiconductor. Quadrant Capital Group LLC increased its stake by 34.4% in the fourth quarter, while Principal Securities Inc., State Board of Administration of Florida Retirement System, Thurston Springer Miller Herd & Titak Inc., and ProShare Advisors LLC all acquired new positions in the company during various quarters.

Institutional investors and hedge funds now own 70.51% of Tower Semiconductor’s stock.

Tower Semiconductor, an independent semiconductor foundry, specializes in manufacturing analog intensive mixed-signal semiconductor devices globally. The company is known for its customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.

Analysts have shown optimism for Tower Semiconductor. Benchmark reiterated a “buy” rating and set a $55.00 price objective on the stock, while StockNews.com downgraded it from “strong-buy” to “buy.” The company currently has an average rating of “Buy” with an average price target of $51.33.

Tower Semiconductor shares opened at $42.85 on Friday. The company has a current ratio of 5.90, a quick ratio of 4.94, and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $40.80 and a 200-day moving average of $37.08.

For more information on Tower Semiconductor, visit HoldingsChannel.com for the latest 13F filings and insider trades.

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