5 Best Affordable Tech Stocks To Buy Now

2. Tower Semiconductor Ltd. (NASDAQ:TSEM)

Number of Hedge Fund Investors In Q2 2023: 38

Latest P/E Ratio: 11.45

Tower Semiconductor Ltd. (NASDAQ:TSEM) is an Israeli semiconductor company that made the news earlier this year after chip giant Intel Corporation scrapped a deal that would have seen it bought the firm. Intel is currently having to tighten its belt as the chip sector slows down, and Tower Semiconductor Ltd. (NASDAQ:TSEM)’s shares are rated Buy on average.

During 2023’s June quarter, 48 hedge funds among the 910 tracked by Insider Monkey were the firm’s investors. Tower Semiconductor Ltd. (NASDAQ:TSEM)’s largest hedge fund shareholder is Richard Mashaal’s Rima Senvest Management since it owns $95 million worth of shares.

Follow Tower Semiconductor Ltd (NASDAQ:TSEM)