5,266 Shares in Tower Semiconductor Ltd. $TSEM Acquired by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC has purchased 5,266 shares of Tower Semiconductor Ltd. for approximately $228,000, marking a new position in the company during the second quarter.
• Industry analysts have recently set various price targets for Tower Semiconductor, with a consensus rating of "Moderate Buy" and an average price target of $67.60.
• Tower Semiconductor reported $0.41 EPS for the last quarter, missing the consensus estimate of $0.47, while overall revenue increased by 6.0% compared to the previous year.

Janney Montgomery Scott LLC purchased a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,266 shares of the semiconductor company's stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of Tower Semiconductor by 4.2% during the first quarter. PNC Financial Services Group Inc. now owns 8,700 shares of the semiconductor company's stock worth $310,000 after buying an additional 350 shares during the last quarter. TCTC Holdings LLC raised its stake in shares of Tower Semiconductor by 117.9% during the first quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock worth $25,000 after buying an additional 382 shares during the last quarter. Magnetar Financial LLC raised its stake in shares of Tower Semiconductor by 14.0% during the first quarter. Magnetar Financial LLC now owns 6,663 shares of the semiconductor company's stock worth $238,000 after buying an additional 817 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Tower Semiconductor by 7.6% during the first quarter. Foundry Partners LLC now owns 12,223 shares of the semiconductor company's stock worth $436,000 after buying an additional 868 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Tower Semiconductor during the first quarter valued at approximately $39,000. 70.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSEM. Wedbush set a $65.00 price objective on shares of Tower Semiconductor and gave the company an "outperform" rating in a report on Tuesday, August 5th. Weiss Ratings restated a "hold (c)" rating on shares of Tower Semiconductor in a report on Wednesday, October 8th. Susquehanna set a $66.00 price objective on shares of Tower Semiconductor and gave the company a "positive" rating in a report on Tuesday, August 5th. Barclays began coverage on shares of Tower Semiconductor in a report on Thursday, September 18th. They set an "equal weight" rating and a $74.00 price objective for the company. Finally, Benchmark boosted their price objective on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a report on Monday, September 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $67.60.

Tower Semiconductor Stock Up 2.3%

Tower Semiconductor stock opened at $75.44 on Tuesday. The stock has a market capitalization of $8.36 billion, a PE ratio of 43.36 and a beta of 0.87. Tower Semiconductor Ltd. has a twelve month low of $28.64 and a twelve month high of $77.41. The company has a quick ratio of 5.50, a current ratio of 6.57 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $64.59 and a 200-day moving average of $49.39.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last announced its earnings results on Monday, August 4th. The semiconductor company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The business had revenue of $372.06 million for the quarter, compared to analyst estimates of $371.63 million. During the same quarter in the previous year, the company posted $0.53 EPS. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Tower Semiconductor Ltd. will post 1.67 EPS for the current fiscal year.

Tower Semiconductor Profile

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.

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