Calamos Advisors LLC Increases Stake in Tower Semiconductor Ltd. $TSEM

Key Points

• Calamos Advisors LLC sharply increased its stake in Tower Semiconductor during the first quarter, boosting its holdings by 439.9% to 133,597 shares worth about $23.4 million.
• Several other institutional investors also added to TSEM, and institutional ownership now stands at 70.51% of the company’s shares.
• Analysts have recently raised price targets on Tower Semiconductor, with the stock trading up 11.2% and the consensus rating remaining Hold with an average target of $276.75.

Calamos Advisors LLC boosted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 439.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 133,597 shares of the semiconductor company's stock after acquiring an additional 108,854 shares during the period. Calamos Advisors LLC owned 0.12% of Tower Semiconductor worth $23,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSEM. Covestor Ltd increased its stake in shares of Tower Semiconductor by 10.8% in the fourth quarter. Covestor Ltd now owns 793 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 77 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Tower Semiconductor by 2.6% during the 3rd quarter. Mackenzie Financial Corp now owns 5,053 shares of the semiconductor company's stock valued at $359,000 after buying an additional 127 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Tower Semiconductor by 2.6% during the 4th quarter. Evergreen Capital Management LLC now owns 5,118 shares of the semiconductor company's stock valued at $601,000 after buying an additional 131 shares in the last quarter. Mariner LLC boosted its holdings in Tower Semiconductor by 2.4% in the 3rd quarter. Mariner LLC now owns 8,815 shares of the semiconductor company's stock worth $637,000 after buying an additional 207 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Tower Semiconductor by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 7,848 shares of the semiconductor company's stock worth $922,000 after buying an additional 218 shares during the period. Institutional investors own 70.51% of the company's stock.

Tower Semiconductor Trading Up 11.2%

Shares of Tower Semiconductor stock opened at $255.49 on Wednesday. Tower Semiconductor Ltd. has a 12-month low of $43.12 and a 12-month high of $319.94. The company has a market cap of $28.73 billion, a price-to-earnings ratio of 118.83 and a beta of 0.87. The company has a current ratio of 5.63, a quick ratio of 4.92 and a debt-to-equity ratio of 0.04. The company's 50-day moving average price is $254.17 and its 200-day moving average price is $187.57.

Analyst Ratings Changes

TSEM has been the subject of a number of recent research reports. Wedbush lifted their price objective on shares of Tower Semiconductor from $140.00 to $300.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Benchmark increased their target price on Tower Semiconductor from $230.00 to $335.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Finally, Susquehanna raised their price target on Tower Semiconductor from $180.00 to $330.00 and gave the stock a "positive" rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Tower Semiconductor has a consensus rating of "Hold" and an average price target of $276.75.

Trending Headlines about Tower Semiconductor

Here are the key news stories impacting Tower Semiconductor this week:

• Positive Sentiment: Tower Semiconductor unveiled a $3 billion dual-track expansion in Japan to boost silicon photonics, silicon germanium (SiGe), and advanced packaging capacity, positioning the company to benefit from rising AI and data center demand. Reuters article
• Positive Sentiment: The plan is backed by a $1 billion Japanese government grant, which reduces the net capital burden and improves the economics of the expansion. GlobeNewswire release
• Positive Sentiment: Management said the expansion could lift its updated 2028 model toward $3.6 billion in revenue and $1.2 billion in net profit, signaling stronger long-term earnings potential. TipRanks article
• Neutral Sentiment: Analysts and market movers noted the stock’s sharp move higher, but this was mostly a reaction to the expansion announcement rather than a new operating result. Seeking Alpha article
• Negative Sentiment: The project is a large capital commitment and includes execution risks such as construction delays, permitting issues, and possible cost overruns, which could pressure margins if the ramp falters. GlobeNewswire release

Tower Semiconductor Company Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company's technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.

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