58,699 Shares in Tower Semiconductor Ltd. $TSEM Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP purchased 58,699 shares of Tower Semiconductor, valued at approximately $2.1 million, marking a new position for the firm.
• Hedge funds and institutional investors collectively own 70.51% of Tower Semiconductor, indicating strong institutional interest in the company.
• Tower Semiconductor reported $0.41 EPS for the last quarter, missing the analysts' expectations of $0.47 by $0.06, while revenue was slightly above expectations at $372.06 million.

Quantbot Technologies LP acquired a new position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 58,699 shares of the semiconductor company's stock, valued at approximately $2,093,000. Quantbot Technologies LP owned 0.05% of Tower Semiconductor at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC boosted its holdings in Tower Semiconductor by 117.9% in the first quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 382 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Tower Semiconductor in the first quarter worth $39,000. Headlands Technologies LLC acquired a new position in Tower Semiconductor in the first quarter worth $75,000. Caption Management LLC bought a new stake in Tower Semiconductor in the fourth quarter valued at $155,000. Finally, Squarepoint Ops LLC bought a new stake in Tower Semiconductor in the fourth quarter valued at $247,000. Institutional investors and hedge funds own 70.51% of the company's stock.

Tower Semiconductor Stock Performance

Shares of NASDAQ TSEM traded up $4.76 during midday trading on Friday, reaching $54.73. 2,048,905 shares of the company traded hands, compared to its average volume of 1,128,350. Tower Semiconductor Ltd. has a 52 week low of $28.64 and a 52 week high of $55.31. The stock has a 50-day moving average price of $46.04 and a 200 day moving average price of $41.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.57 and a quick ratio of 5.50. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 31.45 and a beta of 0.77.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The company had revenue of $372.06 million for the quarter, compared to the consensus estimate of $371.63 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Tower Semiconductor'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. Sell-side analysts anticipate that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSEM has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and issued a $66.00 target price (up from $60.00) on shares of Tower Semiconductor in a research note on Monday, August 4th. Susquehanna set a $66.00 target price on Tower Semiconductor and gave the company a "positive" rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $65.00 target price on Tower Semiconductor and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $64.25.

Tower Semiconductor Company 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.