It is trading at $30.10 just above $27.45, the 50 day moving average and well above the 200 day moving average of $24.82. The 50 day moving average went up by +9.66% and the 200 day average moved up $5.28. Tower Semiconductor Ltd. – Ordi shares had a trading volume of 328K by the end of trading on Wednesday. Trading volume was down 42.77% under the stocks average daily volume.
Traders are feeling more bullish on Tower Semiconductor Ltd. – Ordi lately as shown by the decrease in short interest. The stock saw a fall in short interest of -7.96% as of the latest report on August 31, 2017. Short interest fell from 2,226,096 to 2,048,823 over that period. Days to cover decreased from 3.0 to 2.0 and the percentage of shorted shares was 0.02% on August 31.
These firms have modified their investment in TSEM. Ion Asset Management Ltd. reduced its investment by selling 33,215 shares a decrease of 9.5% from 03/31/2017 to 06/30/2017. Ion Asset Management Ltd. controls 315,003 shares valued at $7,513,000. The total value of its holdings decreased 6.4%. As of the end of the quarter Jane Street Group, LLC had bought a total of 113,985 shares growing its position 568.8%. The value of the investment in TSEM increased from $462,000 to $3,196,000 increasing 591.8% for the reporting period.
Edmond De Rothschild Holding S.a. grew its ownership by buying 20,174 shares an increase of 41.9% in the quarter. Edmond De Rothschild Holding S.a. now controls 68,322 shares worth $1,645,000. The value of the position overall is up by 47.7%. As of quarter end Engineers Gate Manager Lp had acquired 1,706 shares growing its stake by 3.3%. The value of the total investment in Tower Semiconductor Ltd. – Ordi went from $1,187,000 to $1,269,000 a change of 6.9% quarter to quarter.
The most current P/E ratio is 15.41 and the market value is 2.95B. As of the last earnings report the EPS was $1.95 and is estimated to be $2.05 for the current year with 97,892,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.52 and the next full year EPS is anticipated to be $2.32.
Tower Semiconductor Ltd., launched on February 22, 1993, 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. It offers process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150 millimeter wafers, 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200 millimeter wafers, and 65 nanometer and 45 nanometer on 300 millimeter wafers. It also provides design support and technical services. Its ICs are incorporated into a range of products in markets, including consumer electronics, personal computers, communications, automotive, industrial and medical device products. The Company has manufacturing facilities in the United States, Israel and Japan..