5 Cathie Wood Stocks that are on Sale Now

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In this article, we will discuss 5 Cathie Wood stocks that are on sale now. If you want to explore similar stocks, you can also take a look at Cathie Wood Stocks that are on Sale Now.

5. Tower Semiconductor Ltd. (NASDAQ:TSEM)

Number of Hedge Fund Holders: 38
Year to Date Loss: 66%

Tower Semiconductor Ltd. (NASDAQ:TSEM) is an independent semiconductor foundry company that designs and manufactures analogy-intensive mixed-signal semiconductor devices. The company provides process technologies, including CMOS image sensors, integrated power management, and MEMS.

Tower Semiconductor Ltd. (NASDAQ:TSEM) was the subject of a $5.4 billion takeover bid by Intel. However, the deal expired after the chip giant struggled to secure regulatory approval from China. Intel has agreed to pay the company a $353 million termination fee. Following the botched takeover, the stock is down by about 66% year to date while commanding a Moderate Buy rating with a $38 a share price target implying a 55.61% upside potential.

According to Insider Monkey’s second-quarter database, Tower Semiconductor Ltd. (NASDAQ:TSEM) was part of 38 hedge fund portfolios.

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