ARK Investment Management LLC Buys 9,180 Shares of Tower Semiconductor Ltd. $TSEM

Key Points

• ARK Investment Management LLC increased its stake in Tower Semiconductor Ltd. by 24.7%, acquiring an additional 9,180 shares, bringing their total to 46,339 shares valued at $2,009,000.
• Institutional investors now hold 70.51% of Tower Semiconductor's stock, with notable increases in stakes from firms like Menora Mivtachim Holdings and Voya Investment Management.
• Brokerages have set an average price target of $67.60 for Tower Semiconductor, with four analysts rating the stock as a "Buy" and two as a "Hold."

ARK Investment Management LLC grew its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 24.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,339 shares of the semiconductor company's stock after buying an additional 9,180 shares during the period. ARK Investment Management LLC's holdings in Tower Semiconductor were worth $2,009,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new stake in Tower Semiconductor in the first quarter worth approximately $33,211,000. Menora Mivtachim Holdings LTD. boosted its stake in Tower Semiconductor by 39.7% in the first quarter. Menora Mivtachim Holdings LTD. now owns 1,879,207 shares of the semiconductor company's stock worth $67,013,000 after buying an additional 533,700 shares in the last quarter. Voya Investment Management LLC boosted its stake in Tower Semiconductor by 45.1% in the first quarter. Voya Investment Management LLC now owns 918,068 shares of the semiconductor company's stock worth $32,738,000 after buying an additional 285,471 shares in the last quarter. Invesco Ltd. boosted its stake in Tower Semiconductor by 14.2% in the first quarter. Invesco Ltd. now owns 2,010,856 shares of the semiconductor company's stock worth $71,707,000 after buying an additional 249,621 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Tower Semiconductor by 12.2% in the first quarter. Wellington Management Group LLP now owns 2,240,229 shares of the semiconductor company's stock worth $79,887,000 after buying an additional 243,267 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Tower Semiconductor Trading Down 2.2%

Tower Semiconductor stock opened at $72.74 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.57 and a quick ratio of 5.50. Tower Semiconductor Ltd. has a one year low of $28.64 and a one year high of $77.41. The stock has a market capitalization of $8.06 billion, a PE ratio of 41.80 and a beta of 0.87. The business's fifty day moving average is $65.68 and its 200 day moving average is $49.73.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings data 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 net margin of 13.20% and a return on equity of 7.37%. The business had revenue of $372.06 million for the quarter, compared to analysts' expectations of $371.63 million. During the same period last year, the business earned $0.53 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.

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